Brokers Set Expectations for O2Micro International Limited’s FY2017 Earnings (OIIM)
O2Micro International Limited (NASDAQ:OIIM) – Research analysts at Zacks Investment Research dropped their FY2017 earnings per share estimates for shares of O2Micro International Limited in a research note issued on Wednesday. Zacks Investment Research analyst L. Thompson now forecasts that the electronics maker will post earnings of ($0.23) per share for the year, down from their previous estimate of ($0.11). Zacks Investment Research also issued estimates for O2Micro International Limited’s Q4 2017 earnings at ($0.07) EPS and FY2018 earnings at ($0.16) EPS.
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A number of other equities research analysts have also recently commented on the stock. ValuEngine cut shares of O2Micro International Limited from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Northland Securities reaffirmed a “hold” rating and issued a $3.50 price target on shares of O2Micro International Limited in a report on Friday.
Several large investors have recently bought and sold shares of OIIM. Renaissance Technologies LLC raised its holdings in shares of O2Micro International Limited by 1.4% in the 1st quarter. Renaissance Technologies LLC now owns 2,061,000 shares of the electronics maker’s stock worth $4,720,000 after purchasing an additional 27,700 shares during the period. Essex Investment Management Co. LLC grew its stake in O2Micro International Limited by 28.9% in the 2nd quarter. Essex Investment Management Co. LLC now owns 308,370 shares of the electronics maker’s stock valued at $604,000 after buying an additional 69,140 shares in the last quarter. Finally, White Pine Capital LLC grew its stake in O2Micro International Limited by 30.4% in the 2nd quarter. White Pine Capital LLC now owns 465,864 shares of the electronics maker’s stock valued at $913,000 after buying an additional 108,725 shares in the last quarter. 39.38% of the stock is currently owned by institutional investors.
About O2Micro International Limited
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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