Litchfield Hills Research Comments on O2Micro International Limited’s FY2022 Earnings (NASDAQ:OIIM)

O2Micro International Limited (NASDAQ:OIIMGet Rating) – Investment analysts at Litchfield Hills Research upped their FY2022 earnings per share estimates for shares of O2Micro International in a research report issued to clients and investors on Monday, November 7th. Litchfield Hills Research analyst T. O�Neill now expects that the electronics maker will post earnings of ($0.03) per share for the year, up from their prior forecast of ($0.09). The consensus estimate for O2Micro International’s current full-year earnings is ($0.05) per share. Litchfield Hills Research also issued estimates for O2Micro International’s Q4 2022 earnings at ($0.04) EPS.

A number of other brokerages have also recently issued reports on OIIM. StockNews.com started coverage on O2Micro International in a report on Thursday, October 20th. They issued a “hold” rating on the stock. Stifel Nicolaus cut O2Micro International from a “buy” rating to a “hold” rating and set a $3.50 target price on the stock. in a report on Thursday, September 29th.

O2Micro International Stock Up 1.2 %

Shares of NASDAQ OIIM opened at $4.27 on Thursday. The stock has a market capitalization of $124.41 million, a price-to-earnings ratio of 42.70 and a beta of 0.60. The stock’s fifty day simple moving average is $3.83 and its 200 day simple moving average is $3.69. O2Micro International has a 52-week low of $2.85 and a 52-week high of $6.65.

Institutional Trading of O2Micro International

Several hedge funds and other institutional investors have recently modified their holdings of the business. JBF Capital Inc. acquired a new stake in shares of O2Micro International in the third quarter worth $186,000. White Pine Capital LLC boosted its position in shares of O2Micro International by 7.5% in the third quarter. White Pine Capital LLC now owns 445,829 shares of the electronics maker’s stock worth $1,886,000 after buying an additional 30,936 shares during the period. DNB Asset Management AS boosted its position in shares of O2Micro International by 3.5% in the third quarter. DNB Asset Management AS now owns 2,344,319 shares of the electronics maker’s stock worth $9,916,000 after buying an additional 78,949 shares during the period. Kennedy Capital Management Inc. acquired a new stake in shares of O2Micro International in the second quarter worth $52,000. Finally, DnB Asset Management AS boosted its position in shares of O2Micro International by 4.6% in the second quarter. DnB Asset Management AS now owns 2,265,370 shares of the electronics maker’s stock worth $8,427,000 after buying an additional 99,195 shares during the period.

O2Micro International Company Profile

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O2Micro International Limited, together with its subsidiaries, designs, develops, and markets integrated circuits and solutions for power management components and systems in China, Singapore, Taiwan, Malaysia, Korea, the Philippines, Japan, the United States, and internationally. The company offers analog and mixed-signal integrated circuits that manages and provides power for LCD and LED lighting; controls and monitors battery charging and discharging in portable electronic devices and vehicles; performs DC/DC and AC/DC conversion; and provides select and switch functionality between power sources.

Further Reading

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