O2Micro International (NASDAQ: OIIM) received a recommendation to “buy” from the equity research analysts at StockNews.com on Wednesday. Before that day, they had recommended that investors “hold” their current position.
O2Micro International was the subject of a separate report in which Stifel Nicolaus reduced its recommendation for the company to “hold” and established its target price at $3.50. In addition, the findings of a study were published in a paper that was made available for public consumption on September 29.
The NASDAQ OIIM experienced a decrease of $0.06, bringing its price down to $4.41 during the trading session at noon on Wednesday. Seventy-three thousand seven hundred one shares were traded by the company, a significantly lower volume than the company’s typical trading volume of 114,088 shares. According to a price-to-earnings ratio of 44.10 and a beta value of 0.62, the company is expected to have a market value of approximately $128.49 million. Over the past year, the price of O2Micro International has fluctuated between $2.85 and $4.90. The current price is at its lowest point in the past year. The moving average for the stock price over the past 50 days is $4.35; over the past 200 days, it has been trading around $3.90.
O2Micro International (NASDAQ: OIIM) announced the outcomes of its most recent quarterly earnings report on November 4, which was a Friday. The manufacturer of electrical components reported earnings of $0.04 per share for the quarter, which was $0.02 more than the average expectation of $0.06 per share for the quarter. Components reported earnings of $0.04 per share for the quarter, which was $0.02 more than the average expectation for the quarter. Despite predictions made by analysts that the company would bring in $18 million in revenue during the quarter, the actual amount of revenue was only $18.16 million. O2Micro International’s performance was successful, as demonstrated by the company’s satisfactory net margin of 3.48% and return on equity of 2.99%. O2Micro International is expected to close out the current fiscal year with a loss of 0.03 cents per share, by the projections made by analysts from the relevant industry.
In the most recent few months, several institutional investors, including hedge funds, have adjusted or reduced the amount of OIIM shares they are currently holding in their portfolios.
The investment portfolio managed by Envestnet Asset Management Inc. saw a factor of 120.0% growth in its holdings of O2Micro International during the first three months of 2018. Envestnet Asset Management Inc. now has a total of 70,540 shares of the electronics manufacturer’s stock, with a market capitalization of $293,000. This resulted from purchasing an additional 38,471 shares during the preceding quarter. Mercer Global Advisors Inc. ADV increased the amount of O2Micro International stock owned by 144.8% over the year’s first three months. Mercer Global Advisors Inc. (ADV), which is in the business of manufacturing electronic devices, now owns a total of 30,609 dollars’ worth of stock in the company thanks to purchasing an additional 18,107 shares during the preceding quarter. Raymond James & Associates increased the proportion of O2Micro International owned by 69.6% during the year’s first three months. After purchasing an additional 91,588 shares during the most recent fiscal quarter, Raymond James & Associates now has 223,139 shares of the stock of the electronics manufacturer. The current value of these shares is $926,000, and Raymond James & Associates is the owner. Acadian Asset Management LLC shelled out close to $30,000 during the first three months of 2018 to incorporate O2Micro International as a new holding in its investment portfolio. And finally, during the first three months of this year, Grandeur Peak Global Advisors LLC made a 41.3% increase in the amount of O2 Micro International stock it owned, bringing its total percentage of ownership to 100%. Grandeur Peak Global Advisors LLC now holds a total of 3,825,080 shares of the stock of electronics manufacturers. These shares have a value of $15,874,000 and were acquired by the company during the preceding quarter by purchasing an additional 1,118,132 of the company’s shares. The company is owned by institutional investors and hedge funds, which account for 30.14 percent of the company’s stock.
Through its subsidiaries, O2Micro International Limited designs manufactures and sells integrated circuits and solutions for power management parts and systems in China, Singapore, Taiwan, Malaysia, Korea, the Philippines, Japan, and other countries worldwide. These parts and systems can be found in a variety of electronic devices. You can purchase these items in various countries, including the United States of America, Japan, the Philippines, and the United Kingdom. In addition, the business provides for the sale of analog and mixed-signal integrated circuits that can perform DC/DC and AC/DC conversion, select and switch functionality between various power sources, regulate and monitor battery charging and discharging in portable electronic devices and motor vehicles, and select and switch functionality between different power sources. These capabilities can be found in motor vehicles and portable electronic devices.