O2Micro International Limited (NASDAQ:OIIM)‘s stock had its “hold” rating reissued by Northland Securities in a report issued on Friday. They presently have a $3.50 price objective on the electronics maker’s stock. Northland Securities’ target price would indicate a potential upside of 95.53% from the company’s previous close.
Separately, ValuEngine downgraded O2Micro International Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd.
Shares of O2Micro International Limited (OIIM) traded up $0.01 during midday trading on Friday, hitting $1.79. The stock had a trading volume of 37,190 shares, compared to its average volume of 54,697. O2Micro International Limited has a 12-month low of $1.45 and a 12-month high of $2.80.
O2Micro International Limited (NASDAQ:OIIM) last announced its earnings results on Thursday, August 3rd. The electronics maker reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $14.51 million for the quarter, compared to the consensus estimate of $15.07 million. During the same quarter in the previous year, the business earned ($0.06) EPS. The company’s revenue was up 9.8% compared to the same quarter last year. research analysts forecast that O2Micro International Limited will post -0.23 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Essex Investment Management Co. LLC boosted its stake in shares of O2Micro International Limited by 28.9% in the 2nd quarter. Essex Investment Management Co. LLC now owns 308,370 shares of the electronics maker’s stock worth $604,000 after buying an additional 69,140 shares during the last quarter. White Pine Capital LLC lifted its stake in 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 purchasing an additional 108,725 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in 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 purchasing an additional 27,700 shares during the last quarter. Hedge funds and other institutional investors own 39.15% 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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