O2Micro International (NASDAQ:OIIM – Get Rating) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.
Separately, Stifel Nicolaus downgraded O2Micro International from a “buy” rating to a “hold” rating and set a $3.50 price target on the stock. in a research report on Thursday, September 29th.
O2Micro International Stock Performance
Shares of OIIM stock opened at $4.49 on Friday. O2Micro International has a 52-week low of $2.85 and a 52-week high of $4.60. The company has a market capitalization of $130.83 million, a PE ratio of 44.90 and a beta of 0.61. The business’s fifty day moving average is $4.41 and its 200 day moving average is $3.94.
O2Micro International (NASDAQ:OIIM – Get Rating) last issued its quarterly earnings data on Friday, November 4th. The electronics maker reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. O2Micro International had a return on equity of 2.99% and a net margin of 3.48%. The company had revenue of $18.16 million for the quarter, compared to the consensus estimate of $18.00 million. On average, sell-side analysts forecast that O2Micro International will post -0.03 EPS for the current fiscal year.
Institutional Investors Weigh In On O2Micro International
A number of large investors have recently added to or reduced their stakes in OIIM. Grandeur Peak Global Advisors LLC grew its stake in shares of O2Micro International by 5.2% during the third quarter. Grandeur Peak Global Advisors LLC now owns 4,225,337 shares of the electronics maker’s stock valued at $17,873,000 after buying an additional 207,108 shares during the last quarter. Ergoteles LLC bought a new position in shares of O2Micro International during the third quarter valued at about $183,000. JBF Capital Inc. bought a new position in shares of O2Micro International during the third quarter valued at about $186,000. White Pine Capital LLC grew its stake in shares of O2Micro International by 7.5% during the third quarter. White Pine Capital LLC now owns 445,829 shares of the electronics maker’s stock valued at $1,886,000 after buying an additional 30,936 shares during the last quarter. Finally, DNB Asset Management AS grew its stake in shares of O2Micro International by 3.5% during the third quarter. DNB Asset Management AS now owns 2,344,319 shares of the electronics maker’s stock valued at $9,916,000 after buying an additional 78,949 shares during the last quarter. Hedge funds and other institutional investors own 30.14% of the company’s stock.
O2Micro International Company Profile
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O2Micro International Limited, together with its subsidiaries, designs, develops, and markets integrated circuits and solutions for power management components and systems in China, Singapore, Taiwan, Malaysia, Korea, the Philippines, Japan, the United States, and internationally. The company offers analog and mixed-signal integrated circuits that manages and provides power for LCD and LED lighting; controls and monitors battery charging and discharging in portable electronic devices and vehicles; performs DC/DC and AC/DC conversion; and provides select and switch functionality between power sources.
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