Nice call on OVTI, pcyhuang. Up nearly 3% today on twice average volume. Getting some nice coverage:
Briefing.com: 12:59PM OmniVision notches new session high of 16.27 above its 50 ema at 16.19 (OVTI) 16.27 +0.08 : Solid extension of the bounce off early lows in recent trade with yesterday's six week high slightly above at 16.32
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Highlighted in Michael Ashbaugh's newsletter today, with a chart:
"OVTI is a small-cap maker of semiconductors for video applications. Monday, it spiked on strong volume after the company announced a new product launch. The rally occurred on strong volume, placing OmniVision atop its 50-day moving average for the first time since June. Its recently improved outlook would further strengthen with a close above the top of the late-August gap, around $16.40."
marketwatch.com
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OVTI will be studied by hundreds of investment clubs with the December issue of their magazine from NAIC. I used to subscribe to this; they look for consistent, high quality growth companies that are attractively priced. Their primary analytical too is called an SSG, for Stock Selection Guide. I would guess with this kind of audience many more people will be looking into OVTI. I recall reading a while back there were 500,000 NAIC members, but that may have changed.
PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced OmniVision Technologies, Inc. OVTI as its December "Undervalued Stock" ...
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News summary from iVillage:
October 16 OmniVision Technologies, Inc. (Nasdaq: OVTI - News), a world leading supplier of CMOS image sensors, today announced the availability of its new all digital OV7710 CameraChip advanced CMOS image sensor developed specifically for automotive applications. The OV7710 is a highly integrated CMOS video camera that combines a high level of functionality with all digital output. Digital output is a key requirement for automotive machine-vision applications such as airbag deployment, lane departure warning, collision avoidance/pedestrian detection, windshield wiper control, and drowsiness detection.
October 4 SUNNYVALE, Calif. and CHIBA, Japan, Oct. 4 /PRNewswire-FirstCall/ -- OmniVision Technologies, Inc. (Nasdaq: OVTI - News), a leading independent supplier of CMOS CameraChip(TM) image sensors for high-volume applications, today launched its sixth generation 1.3 megapixel CameraChip sensor. Featuring a 2-micron pixel and 1/5-inch optical format, the OV9660 enables a 25 percent thinner camera module, meeting the requirements of ultra slim handset design.
October 3 The new OV6680 is intended principally for use in secondary cameras in the fast growing 3G video phone market, and has already been designed into several 3G handsets.
October 2 (WFC) This shipment of the first sample is a result of incorporating the overwhelmingly positive feedback that the Company has received from multiple handset customers for whom OmniVision has demonstrated the product.
September 27 Unlike the sensors used in conventional analog security cameras, the new sensor produces high quality digital output, thus eliminating the need for A/D converters and simplifying post processing for use in smart security systems and in Internet Protocol (IP) or 3G cameras.
September 26 OmniVision also announced the OV7949 has already been selected by a major U.S.-based tier one customer of commercial grade security cameras.
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My reasons for buying posted on a different thread:
Message 22881253
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