Boston, MA 06/03/2013 (wallstreetpr) – The share prices of OmniVision Technologies Inc. (NASDAQ:OVTI) had surged by 19.24 percent to close at $18.47 per share for the last trading session on Friday. The shares of the company had been trading in the range of $17.88 to $18.98 per share before closing at $2.98 per share higher than the previous closing price. With the recent surge in share prices on Friday, OmniVision Technologies Inc. (NASDAQ:OVTI) had hit new 52 week high price level at $18.98 per share, while 52 week low price level of the company is at $11.82 per share.
This surge in share prices of OmniVision Technologies Inc. (NASDAQ:OVTI), involved in integrated and semiconductor image devices markets had been contributed to the recently released financial results for the fourth quarter. The company had announced fourth quarter adjusted earnings per share of $0.31, which was observed to be higher than $0.20 per share for the same quarter of previous year. The next quarter adjusted EPS of OmniVision Technologies Inc. (NASDAQ:OVTI) is expected to be between $0.35 and $0.52 while the consensus estimate of analysts is at $0.29 per share.
OmniVision Technologies Inc. (NASDAQ:OVTI) is involved in the design, development and marketing of integrated and semiconductor image sensing devices known as Camerachip image sensors which are used in number of commercial and consumer mass market applications. The company presently holds 53.93 million shares outstanding with an institutional ownership of 80 percent of its holdings. OmniVision Technologies Inc. (NASDAQ:OVTI) recently witnessed surge in trading volume with nearly 11.52 million shares being traded on Friday, while the average trading volume is at 1.09 million shares per day.
