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OmniVision Technologies, Inc. (OVTI)

  • May 31, 2013, 2:34 PM
    OmniVision's (OVTI +21.2%) post-earnings rally/short-squeeze continues, as investors on edge over Apple welcome an FQ4 beat and strong FQ1 guidance. On the earnings call, OmniVision mentioned orders from Chinese OEMs, whose sales are growing rapidly at home and overseas, is offsetting weakness elsewhere, and that product mix changes are lifting margins (Apple is known for driving a hard bargain). However, management also cautioned it doesn't expect as big of a late-year demand increase as it saw last year. The automotive market is touted as a growth driver, as is OmniVision's CameraCubeChip sensor/lens module for low-end phones. Skyworks (SWKS +2.3%), which shares many customers with OmniVision, could be up in sympathy.
    | May 31, 2013, 2:34 PM | Comment!
  • May 31, 2013, 12:57 PM
    Midday top 10 gainers: GIGA +29%. UPI +23%. OSH +22%. OVTI +19%. TELK +18%. LAS +18%. HGSH +18%. KKD +17%. CEP +14%. MGCD +13%.
    Midday top 10 Losers: MNGA -22%. UNXL -19%. PLM -13%. PANW -9%. PW -9%. ECTY -9%. ICA -9%. RSOL -9%. NGD -9%. FSM -9%.
    | May 31, 2013, 12:57 PM | Comment!
  • May 31, 2013, 9:14 AM
    Premarket gainers: OVTI +21%. NBG +19%. AFFY +8%. CLSN +8%. KKD +7%. ETRM +6%. LEDS +6%. GES +5%.
    Losers: PANW -13%. PLM -12%. MHGC -7%. NMR -6%
    | May 31, 2013, 9:14 AM | Comment!
  • May 30, 2013, 5:33 PM
    After-hours top gainers, as of 5:45 p.m.: OVTI +15.9%. KKD +9.7%. GES +8.4%. LGF +4.4%. UGI +3.9%.
    After-hours top losers: PANW -13.7%. SPLK -3.8%. GPK -3.3%. MHGC -2.9%. ESL -2.3%.
    | May 30, 2013, 5:33 PM | Comment!
  • May 30, 2013, 4:59 PM
    OmniVision (OVTI) +16.3% AH after resuming trading in the wake of its FQ4 beat and strong FQ1 guidance. Shares have made a new 52-week high of $18.02, and are now up 28% YTD. 14.6% of the float was shorted as of May 15, providing ample fuel for a squeeze.
    | May 30, 2013, 4:59 PM | Comment!
  • May 30, 2013, 4:45 PM
    More on OmniVision: FQ1 guidance is for revenue of $355M-$390M and EPS of $0.35-$0.52, above a consensus of $347.2M and $0.29. FQ4 revenue fell 21% Y/Y, likely due to lower Apple orders. Gross margin was 17.5% +60 bps Q/Q and -500 bps Y/Y. Opex +3% Y/Y. Is the strong guidance a sign of a design win for the expected low-cost iPhone? OmniVision is already designed into the iPhone 5, 4th-gen iPad, and iPad Mini. OVTI halted, CC at 5PM ET (webcast). (PR)
    | May 30, 2013, 4:45 PM | Comment!
  • May 30, 2013, 4:26 PM
    OmniVision (OVTI): FQ4 EPS of $0.31 beats by $0.10. Revenue of $336.2M beats by $17.94M. Shares halted. (PR)
    | May 30, 2013, 4:26 PM | Comment!
  • May 30, 2013, 12:10 AM
    Notable earnings after Thursday’s close: CPRT, GES, KKD, LGF, OVTI, PANW, PLL, SPLK
    | May 30, 2013, 12:10 AM | Comment!
  • May 29, 2013, 5:35 PM
    Notable earnings after Thursday’s close: CPRT, GES, KKD, LGF, OVTI, PANW, PLL, SPLK
    | May 29, 2013, 5:35 PM | Comment!
  • Apr. 26, 2013, 12:43 PM
    In spite of an FQ2 beat, Skyworks (SWKS -3.6%) is selling off, as the Street looks unfavorably on guidance for FQ3 revenue of $435M and EPS of $0.53 (consensus is $443.2M and $0.52). Though EPS is expected to get a boost from a 130-180 bps Q/Q increase in gross margin, the revenue guidance might be a sign Samsung strength isn't enough to offset Apple weakness. On its earnings call, Skyworks claimed a "strategic transition from some lower margin components ... towards more margin-rich custom solutions" is responsible. Apple image sensor supplier OmniVision (OVTI -2.8%) is also off, possibly thanks to both Skyworks and Cirrus Logic. (TriQuint) (RF Micro)
    | Apr. 26, 2013, 12:43 PM | Comment!
  • Apr. 17, 2013, 12:26 PM
    Chip stocks have a rough day (SOXX -2.8%) following Cirrus Logic's warning, light guidance from Linear Technology (LLTC -4.6%) to go with a Q1 beat - Linear sees 1%-4% Q/Q revenue growth for calendar Q2, below a 4.7% consensus - and ho-hum Q1 results/Q2 guidance from Intel. Apple suppliers Broadcom (BRCM -4%), Avago (AVGO -5.5%), STMicroelectronics (STM -6.7%), NXP (NXPI -7%), RF Micro (RFMD -2.8%), and OmniVision (OVTI -3.3%) are among the casualties, but they're far from alone. ANAD -6.2%. STM -5.7%. FSL -5%. ADI -4.5%. TXN -4.4%.
    | Apr. 17, 2013, 12:26 PM | Comment!
  • Mar. 18, 2013, 2:07 PM
    Qualcomm (QCOM) and RF Micro (RFMD) are "the biggest content share gainers" within Samsung's Galaxy S IV, thinks Brean Capital after going over chip data (I, II). The firm notes RF Micro is seeing higher dollar content on Qualcomm platforms, and that Qualcomm's lead in supporting 4G carrier aggregation (now considered a must-have by some carriers) is bolstering its dominant 4G baseband chip position. Separately, Wedge Partners observes Sony (SNE) is the likely supplier of the S IV's 13MP image sensor, but thinks OmniVision (OVTI) will benefit as Samsung's rivals try to keep pace.
    | Mar. 18, 2013, 2:07 PM | Comment!
  • Mar. 8, 2013, 12:21 PM
    More on Apple: Raymond James reports many iPhone suppliers have "recently indicated an expectation of earlier seasonality," and takes it as evidence of a pending refresh. A big drop in shipments is expected for the June quarter, followed by Sep. quarter growth. The big question for Apple is whether an iPhone 5S that keeps a 4" display (as has been reported) will lead to a major sales pickup in the face of growing demand for larger displays, and the upcoming launch of Samsung's Galaxy S IV. However, an early 5S release would suggest an accelerated launch for an iPhone 6 rumored to have a bigger display.
    | Mar. 8, 2013, 12:21 PM | 37 Comments
  • Mar. 8, 2013, 12:03 PM
    Evidence is growing an iPhone 5S (AAPL +0.4%) will arrive around mid-year. Mizuho says checks indicate an iPhone refresh in June or July, and that March quarter iPhone shipments will fall to the 35M-40M range (in-line with consensus). Wedge Partners: "We understand Foxconn is currently prepping production lines for ... iPhone 5S production, which we believe is scheduled to begin in the April timeframe." The firm thinks the 5S will be unveiled at the WWDC conference (typically in June), with sales likely starting in July. MacOtakara recently reported Foxconn has begun 5S production.
    | Mar. 8, 2013, 12:03 PM | 54 Comments
  • Mar. 6, 2013, 9:40 AM
    More on Apple: Berenberg's Adnaan Ahmad has downgraded shares to Sell from Buy, while also cutting his rating on Samsung (SSNLF.PK). With smartphone growth now fueled by emerging markets, "Apple and Samsung margins are peaking and growth is going to be driven by the margin-dilutive mid-to-low-end segment," he argues. Also, Citi has cut its PT to $480, citing weaker iPhone 5 and regular iPad demand. Citi, which cut Apple to Neutral in December, now expects March and June quarter iPhone sales of 34M and 25M, below a consensus of 37M and 32M. AAPL -0.2%.
    | Mar. 6, 2013, 9:40 AM | 23 Comments
  • Mar. 6, 2013, 9:13 AM
    Foxconn has begun production of an iPhone 5S (AAPL) that looks much like the iPhone 5, claims Japanese blog MacOtakara, which has a mixed track record (I, II) with iScoops. MacOtakara also reports NTT DoCoMo (DCM) has slashed Android phone orders for the fall, which is fueling speculation an iPhone deal is on the way. Jefferies' Peter Misek argued last month preparation for March iPhone 5S production could be responsible for new iPhone order cuts. Possible/likely suppliers: CRUS, OVTI, SWKS, TQNT, AVGO, QCOM, BRCM, NTE, MFLX, LPL. (yesterday)
    | Mar. 6, 2013, 9:13 AM | 30 Comments
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Company Description
OmniVision Technologies Inc designs, develops and markets high-performance, highly integrated and cost-efficient semiconductor image-sensor devices. Its products include image-sensing devices namely CameraChip image sensors.