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The Company designs, develops, manufactures and markets semiconductor image sensor devices.
risky one-client business model...
momentum upwards continues
At $14.75/sh, OVTI trades at net tangible assets, a P/E of 12.5, an enterprise value/revenue of 0.4, and is growing revenue at 40% Y-o-Y. The company also has a very strong cash position.
With a price at 14 times earnings with continuing growth, OmniVision appears to be a good bet. I'm going to open a small position and continue to cautiously add to it on weakness. I can see this stock at $20 before the year is out.
looking for a double
TDA - SMA Crossover (Bearish)
iPhone 5 front camera; expected iPad Mini camera; HTC also started buying; It should be a good run for OVTI in next couple of quarters.
Partnering or providing products for Apple illustrates OVTI is at the top of it's game. They will continue to grow by providing innovative products to the ever changing smatphone and tablet market.
Make sensors for phone cameras. Reasonable P/E. Strong growth.
Good valuation after the thrashing earlier this month. If they can meet Apple's production demand for the new iPhone, it will be a big win.
Follow David Einhorn
Apple will not stop using thier camera instead will use other also, seems very week reason to drop stock to 52 week low
Solid fundamentals... Illogical perception based sell off to 52 wk low. Stock should reclaim strength as investors recognize solid value for a bargain price.
Ok, so it's been discovered that Sony makes the camera in the IPhone 4s. Supposedly, this only makes an 8% revenue loss, yet the stock has now dropped around 70% since the 52-week high set in March. It may be a value play or a value trap, but the pristine balance sheet puts a floor in for now.Results for ticker 'OVTI' (OmniVision Technologies Inc.):Earnings Yield: 50.3%MFI Return on Capital: 39.6%MagicDiligence Research for 'OVTI':No research available.Instant Diligence:The Earnings Yield of 50.3% is Suspiciously High (needs additional research).The MFI Return on Capital of 39.6% is High.Near-term Financial Health appears to be Excellent. The current ratio is 4.92.Calculations:(for quarter ended 2011-07-31)Market Cap = Stock_Price * Shares= 12.33 * 61.41= 757.00Excess Cash = Cash - MAX(0; (Current Liabilities - Current Assets + Cash))= 506.06 - MAX(0; (163.68 - 806.13 + 506.06))= 506.06Enterprise Value = Market Cap + Total Debt - Excess Cash= 757.00 + 45.49 - 506.06= 296.44MFI Invested Capital = Total Assets - Goodwill - Intangibles - Current Liabilities + Short Term Debt - Excess Cash= 1110.06 - 1.12 - 67.04 - 163.68 + 4.33 - 506.06= 376.49Earnings Yield = Operating Earnings / Enterprise Value= 149.14 / 296.44= 0.503 (50.3%)MFI Return on Capital = Operating Earnings / MFI Invested Capital= 149.14 / 376.49= 0.396 (39.6%)
This drop... Enough.
just doubled my position as it was at 52w low. Winner
A value play. It's trading below book value and is incredibly cash rich. Not to mention generating tons of cash. However, the only thing I do not like about this company is the way they keep diluting the shareholders with increasing share sales. But since almost their entire market cap is in cash: 506 million of 774 million market cap doesn't make me worried about this company going out anytime soon. Their business hiccups with the iphone 4s does not mean they won't have anymore business. Now, if they reported that they have been shut out of apples business period for the future, then I'd be concerned. Even so, a position here is almost without risk since it's buffered by so much cash.
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