O2Micro International Limited (NASDAQ:OIIM) issued its earnings results on Thursday. The electronics maker reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.02, Morningstar.com reports. The firm had revenue of $14.51 million during the quarter, compared to the consensus estimate of $15.07 million. O2Micro International Limited had a positive return on equity of 0.01% and a negative net margin of 2.59%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.06) earnings per share.
Shares of O2Micro International Limited (NASDAQ OIIM) traded down 1.30% on Friday, reaching $1.67. The company’s stock had a trading volume of 21,606 shares. The stock’s market cap is $43.25 million. O2Micro International Limited has a 12 month low of $1.56 and a 12 month high of $2.80. The firm’s 50-day moving average price is $1.87 and its 200-day moving average price is $2.19.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of O2Micro International Limited by 1.4% in the first quarter. Renaissance Technologies LLC now owns 2,061,000 shares of the electronics maker’s stock worth $4,720,000 after buying an additional 27,700 shares during the period. Essex Investment Management Co. LLC increased its stake in shares of O2Micro International Limited by 28.9% in the second quarter. Essex Investment Management Co. LLC now owns 308,370 shares of the electronics maker’s stock worth $604,000 after buying an additional 69,140 shares during the period. Finally, Russell Investments Group Ltd. acquired a new stake in shares of O2Micro International Limited during the fourth quarter worth about $321,000. Institutional investors and hedge funds own 38.92% of the company’s stock.
O2Micro International Limited Company Profile
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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