Shares of O2Micro International Limited (NASDAQ:OIIM) have been given an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokers have set a twelve-month consensus target price of $7.84 for the company and are expecting that the company will post ($0.05) EPS for the current quarter, according to Zacks. Zacks has also given O2Micro International Limited an industry rank of 72 out of 265 based on the ratings given to its competitors.
Shares of O2Micro International Limited (NASDAQ:OIIM) traded down 0.40% during mid-day trading on Friday, hitting $2.49. 58,950 shares of the stock were exchanged. The stock’s market cap is $63.70 million. O2Micro International Limited has a 12 month low of $1.37 and a 12 month high of $2.80. The stock’s 50 day moving average is $2.29 and its 200-day moving average is $2.14.
O2Micro International Limited (NASDAQ:OIIM) last released its quarterly earnings data on Wednesday, January 25th. The electronics maker reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. O2Micro International Limited had a negative return on equity of 2.10% and a negative net margin of 5.28%. The business had revenue of $15.90 million for the quarter, compared to analyst estimates of $15.70 million. During the same quarter in the prior year, the firm posted ($0.50) EPS. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, analysts anticipate that O2Micro International Limited will post ($0.15) EPS for the current year.
A number of large investors have recently added to or reduced their stakes in OIIM. Boston Partners raised its stake in O2Micro International Limited by 4.5% in the third quarter. Boston Partners now owns 471,240 shares of the electronics maker’s stock valued at $796,000 after buying an additional 20,440 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of O2Micro International Limited during the fourth quarter worth about $321,000. Finally, Renaissance Technologies LLC raised its position in shares of O2Micro International Limited by 1.4% in the fourth quarter. Renaissance Technologies LLC now owns 2,033,300 shares of the electronics maker’s stock worth $3,660,000 after buying an additional 28,400 shares during the period. Institutional investors and hedge funds own 40.27% of the company’s stock.
About O2Micro International Limited
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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