+ Watch OVTI
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The Company designs, develops, manufactures and markets semiconductor image sensor devices.
I found this one in an article by Bret Jansen over on Seeking Alpha:"OmniVision Technologies (OVTI) designs and manufactures semiconductor image-sensor devices worldwide. The company primarily offers CameraChip image sensors.Two things stand out about OmniVision. First it has some $370mm in net cash on the balance sheet. This equates to roughly 40% of its market capitalization at current levels. Second, analysts seem tepid on its prospects on a consistent basis. This is despite the fact the company does nothing but beat earnings expectations. It has beat the consensus earnings estimates by a minimum of 25% in each of the last four quarters.The five year projected PEG on OVTI is significantly under 1 (.41). Finally, the shares are cheap at right at book value and just over 8x this year's expected earnings. Taking out cash, the shares go for 5x forward earnings."Deej
loss of apple business and the attitude that led to it.
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.
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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