O2Micro International (NASDAQ:OIIM) released its quarterly earnings data on Wednesday. The electronics maker reported ($0.06) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.06), Morningstar.com reports. The business had revenue of $15.20 million during the quarter, compared to analyst estimates of $15.63 million. O2Micro International had a negative net margin of 6.99% and a negative return on equity of 4.05%. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year.
Shares of O2Micro International (NASDAQ OIIM) opened at $1.65 on Wednesday. O2Micro International has a twelve month low of $1.45 and a twelve month high of $2.60.
Separately, Northland Securities restated a “hold” rating and issued a $3.50 target price on shares of O2Micro International in a report on Friday, November 3rd.
A hedge fund recently raised its stake in O2Micro International stock. Essex Investment Management Co. LLC lifted its position in O2Micro International Limited (NASDAQ:OIIM) by 18.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 365,531 shares of the electronics maker’s stock after acquiring an additional 57,161 shares during the quarter. Essex Investment Management Co. LLC owned 1.41% of O2Micro International worth $647,000 at the end of the most recent reporting period. Institutional investors own 39.93% of the company’s stock.
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About O2Micro International
O2Micro International Limited designs, develops and markets power management components for the Computer, Consumer, Industrial, Automotive and Communications markets. The Company’s power management products include integrated circuits (ICs) for liquid crystal display (LCD) and light emitting diode (LED) lighting; control and monitoring of battery charging and discharging; direct current (DC)/DC and alternating current (AC)/DC conversion, and provide select and switch functionality between power sources.
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