Brokerages Expect O2Micro International Limited (NASDAQ:OIIM) Will Post Quarterly Sales of $23.45 Million

Wall Street brokerages expect O2Micro International Limited (NASDAQ:OIIM) to post sales of $23.45 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for O2Micro International’s earnings, with the lowest sales estimate coming in at $23.40 million and the highest estimate coming in at $23.50 million. O2Micro International reported sales of $15.58 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 50.5%. The company is expected to announce its next quarterly earnings report on Friday, May 14th.

On average, analysts expect that O2Micro International will report full-year sales of $98.00 million for the current financial year, with estimates ranging from $97.10 million to $98.90 million. For the next financial year, analysts anticipate that the company will post sales of $106.40 million, with estimates ranging from $104.00 million to $108.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover O2Micro International.

O2Micro International (NASDAQ:OIIM) last announced its quarterly earnings results on Thursday, February 4th. The electronics maker reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. O2Micro International had a return on equity of 3.64% and a net margin of 4.88%. The company had revenue of $23.24 million during the quarter, compared to analysts’ expectations of $23.40 million.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Grandeur Peak Global Advisors LLC lifted its position in shares of O2Micro International by 1.3% during the 3rd quarter. Grandeur Peak Global Advisors LLC now owns 3,526,710 shares of the electronics maker’s stock worth $12,485,000 after purchasing an additional 46,971 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of O2Micro International by 2.1% during the 4th quarter. Renaissance Technologies LLC now owns 2,083,856 shares of the electronics maker’s stock worth $19,130,000 after purchasing an additional 42,995 shares during the last quarter. Globeflex Capital L P lifted its position in shares of O2Micro International by 619.9% during the 4th quarter. Globeflex Capital L P now owns 470,026 shares of the electronics maker’s stock worth $4,315,000 after purchasing an additional 404,732 shares during the last quarter. Worth Venture Partners LLC lifted its position in shares of O2Micro International by 52.8% during the 4th quarter. Worth Venture Partners LLC now owns 465,169 shares of the electronics maker’s stock worth $4,270,000 after purchasing an additional 160,800 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of O2Micro International during the 3rd quarter worth about $137,000. 39.17% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ OIIM traded up $0.18 during trading hours on Monday, hitting $7.97. 39 shares of the company’s stock were exchanged, compared to its average volume of 440,255. O2Micro International has a 1-year low of $1.23 and a 1-year high of $11.25. The stock has a market capitalization of $217.09 million, a price-to-earnings ratio of 64.92 and a beta of 0.80. The company’s 50-day moving average price is $7.84 and its 200-day moving average price is $7.29.

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, the United States, Taiwan, Japan, Malaysia, Korea, Singapore, and internationally. The company offers analog and mixed-signal integrated circuits that manage and provide power for 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 provides select and switch functionality between power sources, and LED drivers for backlighting products.

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