Brokerages Set $6.63 Price Target for O2Micro International Ltd. (OIIM)
Shares of O2Micro International Ltd. (NASDAQ:OIIM) have been assigned an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokerages have set a 1-year consensus price target of $6.63 for the company and are expecting that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also given O2Micro International an industry rank of 26 out of 265 based on the ratings given to its competitors.
A hedge fund recently raised its stake in O2Micro International stock. Boston Partners boosted its stake in O2Micro International Ltd. (NASDAQ:OIIM) by 14.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 450,800 shares of the company’s stock after buying an additional 57,240 shares during the period. Boston Partners owned approximately 1.75% of O2Micro International worth $681,000 as of its most recent filing with the SEC. Institutional investors own 40.92% of the company’s stock.
O2Micro International (NASDAQ:OIIM) opened at 1.78 on Monday. O2Micro International has a 12 month low of $1.21 and a 12 month high of $2.00. The firm has a 50-day moving average price of $1.68 and a 200 day moving average price of $1.59. The stock’s market capitalization is $45.63 million.
O2Micro International (NASDAQ:OIIM) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.05. O2Micro International had a negative return on equity of 16.16% and a negative net margin of 36.59%. The business earned $13.20 million during the quarter, compared to analysts’ expectations of $13.50 million. During the same period in the prior year, the business earned ($0.10) EPS. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. Equities analysts anticipate that O2Micro International will post ($0.31) earnings per share for the current year.
About O2Micro International
O2Micro International Limited designs, develops and markets power management components for the Computer, Consumer, Industrial, Automotive and Communications markets. The Company’s consumer electronics market includes liquid crystal display (LCD) and light emitting diode (LED) televisions, desktop and notebook monitors, portable media players, digital cameras, global positioning system (GPS)/portable navigation device (PND) solutions for directional assistance, personal digital assistants (PDAs), games, and general lighting products, including LED light bulbs).
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