After spending more than six months at a mediocre three-star rank, OmniVision Technologies
With the growing demand for high-quality image-capturing capability in wireless phones, notebook computers, digital cameras, and other devices, many CAPS members have become more bullish on OmniVision's ability to capture a good piece of a broad market.
The company recently reported a fiscal third-quarter profit compared to a loss in the prior year, with revenue that almost doubled from the prior year. And thanks to an improved product mix, the company has experienced improving gross margins on a sequential and year-over-year basis. Despite a post-holiday seasonal slowdown and a fourth-quarter outlook that fell short of Wall Street's expectations, OmniVision looks for improving sales trends for the summer and fall periods, which should offer a boost to its numbers in the coming quarters.
Though it's a small fish in a big ocean, OmniVision has a strong relationship with manufacturing partner Taiwan Semiconductor Manufacturing
Investors are particularly excited about the design wins that OmniVision recently scored with a couple of smartphone makers and expect the company to continue to rack up new orders in this hot segment. With companies like Apple
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