Zacks: O2Micro International Limited (OIIM) Receives Consensus Recommendation of “Strong Buy” from Brokerages

O2Micro International Limited (NASDAQ:OIIM) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating. O2Micro International’s rating score has improved by 50% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 12-month consensus price target of $9.88 for the company and are anticipating that the company will post ($0.06) earnings per share for the current quarter, according to Zacks. Zacks has also given O2Micro International an industry rank of 84 out of 255 based on the ratings given to its competitors.

Separately, ValuEngine upgraded O2Micro International from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th.

A number of institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in O2Micro International by 2.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,076,400 shares of the electronics maker’s stock valued at $3,813,000 after acquiring an additional 58,500 shares during the period. FMR LLC boosted its holdings in O2Micro International by 19.2% during the 2nd quarter. FMR LLC now owns 800,400 shares of the electronics maker’s stock valued at $1,473,000 after acquiring an additional 128,800 shares during the period. Finally, Grandeur Peak Global Advisors LLC boosted its holdings in O2Micro International by 7.4% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 3,239,517 shares of the electronics maker’s stock valued at $5,961,000 after acquiring an additional 222,175 shares during the period. Institutional investors own 42.28% of the company’s stock.

Shares of NASDAQ OIIM traded up $0.04 during mid-day trading on Thursday, reaching $2.14. 25,562 shares of the company’s stock were exchanged, compared to its average volume of 42,211. The stock has a market cap of $52.39 million, a PE ratio of 20.40 and a beta of 0.15. O2Micro International has a 52-week low of $1.30 and a 52-week high of $2.40.

O2Micro International (NASDAQ:OIIM) last announced its earnings results on Wednesday, August 1st. The electronics maker reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.14. O2Micro International had a return on equity of 3.17% and a net margin of 8.95%. The company had revenue of $15.21 million during the quarter, compared to analysts’ expectations of $15.05 million. analysts expect that O2Micro International will post -0.26 EPS for the current fiscal year.

O2Micro International Company Profile

O2Micro International Limited, together with its subsidiaries, designs, develops, and markets integrated circuits and solutions for power management components and systems in China, Japan, Taiwan, Korea, Singapore, and internationally. The company provides analog and mixed-signal integrated circuits that manage and provide LCD and LED lighting; control and monitor battery charging and discharging in portable electronic devices and vehicles; perform DC/DC and AC/DC conversion; and provide select and switch functionality between power sources.

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