O2Micro International Limited (OIIM) Receives “Hold” Rating from Northland Securities
Northland Securities reaffirmed their hold rating on shares of O2Micro International Limited (NASDAQ:OIIM) in a research report sent to investors on Friday morning. The firm currently has a $3.50 target price on the electronics maker’s stock.
Separately, ValuEngine lowered O2Micro International Limited from a hold rating to a sell rating in a research note on Tuesday, August 22nd.
O2Micro International Limited (OIIM) traded down $0.03 during mid-day trading on Friday, hitting $1.79. The company’s stock had a trading volume of 37,190 shares, compared to its average volume of 45,545. O2Micro International Limited has a 1 year low of $1.45 and a 1 year high of $2.80.
O2Micro International Limited (NASDAQ:OIIM) last issued its quarterly earnings data on Thursday, August 3rd. The electronics maker reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.02. O2Micro International Limited had a negative return on equity of 4.02% and a negative net margin of 6.99%. The company had revenue of $14.51 million during the quarter, compared to analysts’ expectations of $15.07 million. During the same period last year, the business earned ($0.06) earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. sell-side analysts expect that O2Micro International Limited will post -0.17 earnings per share for the current fiscal year.
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Several large investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in shares of O2Micro International Limited by 1.4% in the first quarter. Renaissance Technologies LLC now owns 2,061,000 shares of the electronics maker’s stock valued at $4,720,000 after buying an additional 27,700 shares in the last quarter. Essex Investment Management Co. LLC increased its stake in shares of O2Micro International Limited by 18.5% in the third quarter. Essex Investment Management Co. LLC now owns 365,531 shares of the electronics maker’s stock valued at $647,000 after buying an additional 57,161 shares in the last quarter. Finally, White Pine Capital LLC increased its stake in shares of O2Micro International Limited by 30.4% in the second quarter. White Pine Capital LLC now owns 465,864 shares of the electronics maker’s stock valued at $913,000 after buying an additional 108,725 shares in the last quarter. Institutional investors own 39.15% of the company’s stock.
O2Micro International Limited Company Profile
O2Micro International Limited designs, develops and markets power management components for the Computer, Consumer, Industrial, Automotive and Communications markets. The Company’s power management products include integrated circuits (ICs) for liquid crystal display (LCD) and light emitting diode (LED) lighting; control and monitoring of battery charging and discharging; direct current (DC)/DC and alternating current (AC)/DC conversion, and provide select and switch functionality between power sources.
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