O2Micro International Limited (OIIM) Expected to Post Quarterly Sales of $14.60 Million

Analysts predict that O2Micro International Limited (NASDAQ:OIIM) will report $14.60 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for O2Micro International’s earnings. O2Micro International posted sales of $14.11 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.5%. The company is expected to issue its next quarterly earnings report on Wednesday, May 1st.

On average, analysts expect that O2Micro International will report full-year sales of $65.80 million for the current year, with estimates ranging from $64.50 million to $67.10 million. For the next financial year, analysts forecast that the business will report sales of $71.70 million, with estimates ranging from $69.60 million to $73.80 million. Zacks’ sales calculations are an average based on a survey of research firms that cover O2Micro International.

O2Micro International (NASDAQ:OIIM) last posted its quarterly earnings results on Wednesday, January 30th. The electronics maker reported ($0.06) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06). The business had revenue of $16.59 million during the quarter, compared to the consensus estimate of $16.80 million. O2Micro International had a return on equity of 2.91% and a net margin of 3.33%.

Separately, ValuEngine raised O2Micro International from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd.

OIIM stock traded down $0.05 during midday trading on Friday, reaching $1.55. The company’s stock had a trading volume of 31,411 shares, compared to its average volume of 27,714. O2Micro International has a 1 year low of $1.30 and a 1 year high of $2.40. The firm has a market cap of $42.38 million, a price-to-earnings ratio of 17.22 and a beta of 0.82.

Several hedge funds and other institutional investors have recently made changes to their positions in OIIM. Essex Investment Management Co. LLC purchased a new position in O2Micro International in the 3rd quarter valued at approximately $135,000. FMR LLC lifted its stake in shares of O2Micro International by 19.2% during the second quarter. FMR LLC now owns 800,400 shares of the electronics maker’s stock worth $1,473,000 after purchasing an additional 128,800 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of O2Micro International by 2.9% during the second quarter. Renaissance Technologies LLC now owns 2,076,400 shares of the electronics maker’s stock worth $3,813,000 after acquiring an additional 58,500 shares during the last quarter. 41.89% of the stock is owned by hedge funds and other institutional investors.

About O2Micro International

O2Micro International Limited, together with its subsidiaries, designs, develops, and markets integrated circuits and solutions for power management components and systems in China, Japan, Taiwan, Korea, Singapore, and internationally. The company provides analog and mixed-signal integrated circuits that manage and provide LCD and LED lighting; control and monitor battery charging and discharging in portable electronic devices and vehicles; perform DC/DC and AC/DC conversion; and provide select and switch functionality between power sources.

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