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Probably cover a little tomorrow.. I wonder how low we go from here.. Anyhow, Happy selling to you!
Looking good for the $18.50, MAC
autos, computers, now medical
SINGLE USE MEDICAL DEVICE-OmniVision's Ultra-Compact Image Sensor Enables Ambu's Single-Use Intubation Scope
Last update: 4/10/2012 8:00:00 AM
Disposable aScope(TM) 2 Uses OV6922 for Minimally Invasive and Accurate Medical Imaging
SANTA CLARA, Calif., April 10, 2012 /PRNewswire via COMTEX/ -- OmniVision Technologies, Inc. (OVTI), a leading developer of advanced digital imaging solutions, today announced that its OV6922 CMOS image sensor has been designed into Ambu's aScope 2, a single-use intubation scope intended for medical procedures such as difficult intubation and percutaneous dilatational tracheostomy (PDT). Ambu's disposable aScope 2 flexible videoscope can reduce the risk of cross-contamination when used to secure the airways of fully anesthetized patients. The aScope 2 is powered by OmniVision's ultra-compact 2.1 mm x 2.3 mm OV6922 CameraChip(TM) image sensor, which delivers crisp, clear imaging for minimally invasive and sterile medical procedures.
"The most critical benefit of the aScope 2 is its ability to reduce the risk for patients, while increasing overall efficiency for medical personnel," said Matthew Whitcombe, senior marketing manager - Europe at OmniVision. "The OV6922 brings an extremely high level of performance in an affordable, ultra-compact package, helping physicians to perform these medical procedures quickly and with greater accuracy."
"OmniVision's support and expertise in medical imaging has been critical to the successful and timely development of the aScope 2," said Jens Frimann, vice president of commercial innovation at Ambu. "Thanks to the cooperation of health care professionals around the world and the OV6922's excellent low-light, low-power performance, we were able to develop a single-use medical device that can improve patient comfort and reduce the cost of medical procedures."
Built on OmniVision's proprietary OmniPixel(TM) technology, the OV6922 combines a 1/18-inch optical format with extremely low power consumption to provide the high-quality images required for medical applications like the Ambu aScope 2. The sensor's impressive 1,000 mV/lux-sec sensitivity allows the camera to deliver clear NTSC video at 60 fields per second in challenging conditions often encountered in the human respiratory system.
60m 200ma 18.8 however that might drop to your mark as well.
I can see that.. Might also take a month or two.. Still needs a little relaxation time here. Might get hit by some shorts but will recover even much stronger imo.
Sold the April 20's. It looked like it might get called away, but I got 2.60 for each contract. I think the market is going to be tough for awhile and OVTI could pullback. If it stays below 20 between now andd April 20, I keep the shares. If it is higher than 20 but below 22.60, I basically am ahead.
This is just for my trading position.
so the option you sold was exercised plus you kept the premium?
please don't laugh if i'm waaaaay off
Looks like my covered calls are going to work out for me.
Cha Ching!
Generally the lower the EV/sales the more attractive or undervalued the company is believed to be.
Read more: http://www.answers.com/topic/enterprise-value-to-sales-ev-sales#ixzz1rK7Sc3Tq
Price/Earnings 12.5x
Price/Sales 1.2x
Price/Book 1.4x
Price/Cash Flow 10.0x
TEV/Sales 0.8x
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=OVTI:US
"selling covered calls" i will try to begin to understand that. wag is, i sell calls, but still own them, head hurts already lol.
Great "call". lol OVTI has had a grat run---but it needs to consolidate some. No big deal. But selling covered calls is a grat way to make money while you go through the "pause that refreshes".
sold my april calls yesterday, ready to add to june calls if selling comes in. i see this as an aapl play, aapl should report 3rd wk in april. who knows, but i'm guessing we get a boost.
OVTI could go back to the 200 Day Moving Average at $18.75 and still be ok.
agree, nothing fancy, would like a solid $20-21
It would be very healthy if OVTI would hang around here for a couple of weeks. The chart looks very extended and vulnerable to profit taking.
JMO
should also bring in upgrades to ovti
BMO raises AAPL estimates on BYOD, enterprise iPad adoption
http://www.macnn.com/articles/12/03/29/believes.apple.will.continue.to.gain.marketshare/
Quite an effort, $20 is good.
OmniVision Technologies(OVTI_)designs, develops and markets semiconductor image-sensor devices. The stock is trading up 1.5% at $19.83 in recent trading.
Today's Volume: 2.5 million
Average Volume: 2.5 million
Volume % Change: 88%
>>4 Chip Stocks Smart Money Is Buying
From a technical perspective, OVTI is rising modestly today on decent volume. This move is quickly pushing OVTI into a gap zone from when the stock gapped down in late 2011 from around $26 to $16 on huge volume.
Traders should now look for long-biased traders in OVTI as long as this stock can manage to close above $20 and near its daily highs. That $20 level is important because it sits right above the gap down day's high price. Shares of OVTI could continue to fill a large amount of that gap if the stock can continue to trend above $20.
Will OmniVision Become a Lucrative Apple Play Again?
By Harsh Chauhan - March 22, 2012 |
Motley Fool
Harsh is a member of The Motley Fool Blog Network -- entries represent the personal opinions of our bloggers and are not formally edited.
It seems like OmniVision Technologies (NASDAQ: OVTI) is back in action. The stock was in dire straits in the second half of last year after there was speculation that Sony will replace OmniVision’s image sensors in the iPhone 4S. The speculation turned into reality when a teardown of the iPhone revealed that Sony had found its way inside the device, throwing a wrench into OmniVision’s monopoly in this department.
However, things have just turned rosier for the company. A teardown of the latest iPad revealed that Apple (NASDAQ: AAPL) used an image sensor like the one used in the iPhone 4, which was supplied by OmniVision. So now we come to know that why the company had projected an upbeat outlook in its last earnings despite facing a shrinking top line and falling prices which hurt its margins.
In its last quarterly report, OmniVision said it expected revenue in the range of $195 million to $215 million for the current quarter. This was way ahead of what the analysts were projecting at $170 million. Probably the analysts had discounted OmniVision after it lost the plot to Sony in the iPhone 4S. But now it seems things have turned around for the good and OmniVision had their feet firmly on the ground while issuing the guidance.
Needham & Company, who had expressed their doubts that OmniVision’s sensor won’t find a spot in the new iPad, have just upgraded the stock to a buy from hold. Needham analyst Rajvindra Gill expects that OmniVision will see its revenue and earnings go north after getting inside the iPad. Moreover, Mr. Gill is of the opinion that the average selling price of OmniVision’s sensors would be around $3.28, a significant jump from the $1.29 in the previous quarter. He also says that the company is a candidate for the imaging sensors in the iPhone 5, though the certainty of that matter is still not known.
Well, it seems Needham is going to get it right this time. The Apple iPad commands the largest market share among tablets. The iPad 2 was the quickest selling gadget in the world. And now it seems its successor has taken it to the next level, selling three million units in its inaugural weekend. Thus, one can expect OmniVision to bring the shine back to its top line and also improve margins on the back of higher prices when it comes out with its next earnings update.
The latest development drops us a slight hint that OmniVision is back in favor at Cupertino. However, its presence in the next iPhone will be crucial and tell us whether it is really back in favor or not. The next earnings release would probably see OmniVision scale new heights but it would make sense to regularly track the stock and check whether this bounce back is here to stay.
8 Million shares bought back. Good news.
As of January 31, 2012, we had repurchased 8,058,187 shares of our common stock under this program, for an aggregate cost of approximately $100 million. As of January 31, 2012, no additional repurchases are authorized under this open-market program.
Don't Buy Into OmniVision's Outlook
By Harsh Chauhan | More Articles
February 29, 2012 |
I see that OmniVision Technologies (Nasdaq: OVTI ) has come full circle -- nearing the $18 mark -- since last August, when I first covered it. Just three months down the line in December, OmniVision was languishing around $12 as its business was hit by order cutbacks from one of its largest customers. The stock has gained an impressive 48% since then.
The rebound might lead you to think that OmniVision is back on track. But does the stock price really reflect what's actually going on at the company? OmniVision beat the Street's estimates in the just-concluded quarter, yet it also saw its profits almost wiped out and it barely broke even.
Why you should be cautious
OmniVision's smartphone business has declined, even as most smartphone component manufacturers are seeing their revenues rise. Shipments fell, prices have fallen, and this division's contribution toward the company's revenue plunged by 8%. The fall was triggered by the loss of its contract with smartphone giant Apple (Nasdaq: AAPL ) , which chose to use Sony's imaging sensors in the iPhone 4S, thus destroying OmniVision's monopoly in that area.
The company's quarterly revenue dropped 30% from last year, while inventories grew by a mammoth 164%. That's a clear sign that OmniVision isn't able to move enough units, and the effects of an inventory writedown are taking a toll on margins. Shipments fell to 143 million units from 153 million in the preceding quarter. The average selling price also dropped from last quarter, to $1.29 from $1.42.
Yet although these factors have left OmniVision in a tough spot, investors are giving the company a thumbs-up, with shares having spiked 7% after the earnings report came out. Let's see why.
More beat-the-Street action
OmniVision has beaten the Street for three straight quarters. It looks to do the same in the ongoing one as well, projecting revenue in the range of $195 million to $215 million compared with the expectation of $170 million. This upbeat outlook comes on the back of rumors regarding OmniVision's potential success in finding a slot in the much-anticipated iPad 3 -- a move that, if true, could probably trigger a recovery of its relationship with the Cupertino tech giant.
The company is now also supplying imaging sensors to Asus for the Transformer Prime tablet -- but I'm not reading too much into that move. The Apple iPad is the mover and shaker in the tablet market, and other Android tablets have failed to even get near it. Shareholders will be waiting with bated breath when the iPad 3 is released to see whether OmniVision found its way inside.
The Foolish takeaway
Going by OmniVision's history of trumping the Street but faltering on outlook, the recent upbeat outlook comes as a whiff of fresh air. But I'm skeptical, because if its Apple relationship had really turned around, OmniVision would be the first one screaming it to the public. I'm content to wait and see.
I think you are right.. Played bumper cars with the daily 200 and weekly and overall to me is very bullish. jmo..
It would be constructive if the gap filled in this chart,
OmniVision: J.P. Morgan Cuts Rating On Valuation Basis
OmniVision shares are trading lower Friday morning after J.P. Morgan analyst Paul Coster cut his rating on the imaging sensor company to Neutral from Overweight on a valuation basis.
Coster notes that the stock is up 44% year-to-date and at yesterday’s close at $17.60 has blown through his $16 price target.
“In downgrading now on valuation, there is risk that we are missing an upswing in OVTI’s revenue and earnings,” he writes in a research note, but adds that the imaging sector is seeing “aggressive price-based competition from Sony, Samsung, Aptina and others.”
OVTI this morning is down 41 cents, or 2.3%, to $17.19.
Looks like costs are going to go up at tech companies
Foxconn Technology, one of the biggest manufacturers of products for Apple, Dell, Hewlett-Packard and other electronics companies, said Saturday that it would sharply raise worker salaries at its Chinese factories.
Foxconn said that salaries for many workers would immediately jump by 16 to 25 percent, to about $400 a month, before overtime.
The company also said it would reduce overtime hours at its factories.
Labor rights groups say that over the years, many Foxconn plants have violated Chinese labor laws by pushing workers to endure excessive amounts of overtime.
~ Monday! $OVTI ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $OVTI ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=OVTI&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=OVTI&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=OVTI
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=OVTI#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=OVTI+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=OVTI
Finviz: http://finviz.com/quote.ashx?t=OVTI
~ BusyStock: http://busystock.com/i.php?s=OVTI&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=OVTI >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
Good news for OVTI after the close
David Einhorn’s Greenlight Capital Inc. bought shares of Yahoo! Inc. (YHOO) and Research In Motion Ltd. (RIM) during the fourth quarter while exiting positions in CVS Caremark Corp. (CVS) and Marathon Oil Corp. (MRO)
Greenlight also built new positions in Liberty Media Corp., OmniVision Technologies Inc. (OVTI), Delphi Automotive Plc and CA Inc. (CA), a Securities and Exchange Commission filing today showed. The hedge fund sold all its shares of Ingram Micro Inc. (IM) and Synaptics Inc. (SYNA)
Omnivision: Surging On Rumors Or Fundamentals?
by: Joe Woodlief February 7, 2012
Seeking Alpha
Beleaguered CMOS camera supplier OmniVision Technologies (OVTI) has risen 20.5% since February 1. Such a significant jump is rare without being accompanied by either a major public news release or an earnings report. The mysterious rise is likely attributable to either a return to a fair valuation separate from the coattails of tech giant Apple (AAPL), or a reaction to one of the rumors currently circulating about the future of the company.
The first scenario is pleasing to the value-investing camp. It is possible that OmniVision is finally grasping for a more reasonable price, after months of artificial deflation due to sour news on the company's relationship with Apple. Indeed, since the collapse of the stock price last August, after the loss of Iphone contracts, OmniVision has been a popular sleeper stock due to fundamentals that indicate its bargain potential. The company has a low price to book ratio of 1.12 along with a P/E of 6.75 compared to an industry average of 14.22.
Furthermore, OmniVision is cash-rich and relatively unburdened by debt. The company has longevity on its side, as it was the original innovator in the volatile CMOS industry. It also has a track record of bouncing back from faltering share prices as it did in the years 2004, 2007, and 2009. However, continued uncertainly over its relationship with Apple, coupled with decreased demand from customers due to flooding in plants in Thailand, has managed to keep the stock unimpressive before the recent rally.
Despite the strong numerical metrics, the share price increase has been so significant that it is unlikely that it has been driven entirely by a renewed confidence in the existing figures. Rather, the jump is a result of one of the recent rumors and developments that could result in greener pastures ahead for the company. The positive indicators for the company are:
1. Buyout Rumors - There have been OmniVision buyout rumors in the past, but these most recent ones seem to have an element of validity due to the unexplained spike in the stock price. Past rumors of either Apple or Nokia purchasing OmniVision have been tenuous at best and shot down quickly. However, one rumor surfacing this week is particularly intriguing and that is of a possible buyout by Saudi Prince Al-Waleed bin Talal of Kingdom Holding Company. This may be little more than erroneous speculation since Al-Waleed bin Talal usually deals in larger-cap companies such as Amazon (AMZN) and Apple, but in a recent interview with the Dubai Chronicle, Al-Waleed bin Talal mentions that his company is interested in investing in American technology companies. Whether it be from royalty or from some other suitor, it appears as if there is interest in the M&A market for the asset-rich camera chip supplier.
2. Nano Camera - The next rumor arises from the report by MacRumors.com that the next iPod Nano will go back to having a 1.3 camera after that feature was skipped in the most recent Nano generation. This would be excellent news for OmniVision because it is known for providing lower-end camera chips such as the front-facing one in the new Iphone. It has been a source of embarrassment in recent months that OmniVision has not been able to innovate at the top end of the mobile megapixel battle with Samsung and Sony. An increased market for lower megapixel devices could mean that OmniVision is able to profitably unload large amounts of inventory that was previously thought to have been hopelessly antiquated.
3. OV10810 confidence - The final positive indicator is that OmniVision's new 10-megapixel CMOS image sensor has been named the "Best image sensor of 2011" by Electronic Design Magazine. This restores faith in the ability of the company to innovate to meet the ever-increasing needs of cell phone manufacturers. It has recently been losing ground to Sony and Samsung in terms of being the first to market with the most innovative sensors, so this positive news about a new high-tech sensor provides confidence that OmniVision can effectively compete for camera contracts in the future.
OmniVision is a tricky stock to own because its price is highly variable and speculative. The stock has seen quick gains on hearsay before, only to plunge rapidly when the rumors dry up. However, should an acquisition occur or Apple renew its faith in OmniVision, investors will be in for a thrilling ride back to the top.
Disclosure: I am long OVTI.
Goodbye, stock.
Decided to stay away from OVTI for now. Went with AUTH which is going gangbusters. Mahalo for the update Conix! Also invested into OTIV, (I know, very similar ticker name!), which is doing so-so, but expect better soon. Warm alohas!
Never underestimate the power of reading charts and using fundamentals, morokoy.
Looking for a retracement in OVTI. Nothing serious--- 1 to 2 dollars in consolidationm Denise.
A February 17 ? If it stays below $17 through next Friday--February 17? I took in my .35 a share on 5,000 shares. Thank you very much.
Let's talk on Feb. 17.
Then say goodbye to the stock.
Full disclosure. I sold covered calls this morning. Feb 17.
Feb 17 calls at .20 or March 17 calls at .80
So exactly what calls would you recommend selling ??
Beautiful chart...getting a bit extended though. Selling calls is probably a good strategy right now.
They would have worked just fine this week lol!
Just big money playing games, that big selloff heading into option exp week was manipulation...
This month they are selling puts and laughing all the way to the bank...
Oh what a game we play...
Amazing how those naked options don't work all the time. LOL
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