Grandeur Peak Global Advisors LLC recently announced the acquisition of new stake in O2Micro International Limited (NASDAQ:OIIM). The institutional investor has increased its shareholding in the Technology company by 5.15% to 4.23 million shares with purchase of 0.21 million shares. This fresh investment now brings its stake to 14.48% valued currently at $18.89 million. In addition, White Pine Capital LLC raised its holdings by 30936.0 to 0.45 million shares. And BofA Securities, Inc. has lifted its position by 1.17% or 1452.0 shares – to 0.13 million shares.
With over 0.1 million O2Micro International Limited (OIIM) shares trading Monday and a closing price of $4.68 on the day, the dollar volume was approximately $0.48 million. The shares have shown a positive half year performance of 22.83% and its price on 01/23/23 gained nearly 4.00%. Currently, there are 29.19M common shares owned by the public and among those 25.64M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for OIIM have a consensus price objective of $4.00. The analysts have set the share’s price value over the next 12 months at a high of $4.00 and a low of $4.00. The average price target is 72.47% above its recent price level and a downside to the estimated low will see the stock lose -17.0% over that period. But a downside of -17.0% will see the stock hit the forecast high price target while median target price for the stock is $4.00.
The top 3 mutual fund holders in O2Micro International Limited are DNB Teknologi, Grandeur Peak Global Contrarian F, and Grandeur Peak Global Opportunitie. DNB Teknologi owns 1.52 million shares of the company’s stock, all valued at over $6.81 million. Grandeur Peak Global Contrarian F bought 0.18 million shares to see its total holdings expand to 1.25 million shares valued at over $5.57 million and representing 4.27% of the shares outstanding. Grandeur Peak Global Opportunitie bought 26108.0 shares to bring its total holdings to over 0.76 million shares at a value of $3.39 million. Grandeur Peak Global Opportunitie now owns shares totaling to 2.60% of the shares outstanding.
Shares of O2Micro International Limited (NASDAQ: OIIM) opened at $4.52, up $0.02 from a prior closing price of $4.50. However, the script later moved the day high at 4.6850, up 4.00%. The company’s stock has a 5-day price change of 4.23% and 9.09% over the past three months. OIIM shares are trading 4.70% year to date (YTD), with the 12-month market performance up to 18.78% higher. It has a 12-month low price of $2.85 and touched a high of $4.60 over the same period. OIIM has an average intraday trading volume of 62.31K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.68%, 5.86%, and 21.29% respectively.
Institutional ownership of O2Micro International Limited (NASDAQ: OIIM) shares accounts for 30.60% of the company’s 29.19M shares outstanding. Mutual fund holders own 22.57%, while other institutional holders and individual stakeholders account for 7.80% and — respectively.
It has a market capitalization of $136.23M and a beta (3y monthly) value of 0.65. The stock’s trailing 12-month PE ratio is 59.24, while the earnings-per-share (ttm) stands at $0.08. The company has a PEG of 3.12 and a Quick Ratio of 5.30 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.22% over the week and 1.14% over the month.
Analysts forecast that O2Micro International Limited (OIIM) will achieve an EPS of -$0.06 for the current quarter, -$0.04 for the next quarter and $0.03 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of -$0.04. Comparatively, EPS for the current quarter was $0.12 a year ago. Earnings per share for the fiscal year are expected to increase by 82.20%, and 250.00% over the next financial year. EPS should shrink at an annualized rate of 19.00% over the next five years, compared to 39.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate O2Micro International Limited (OIIM) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the OIIM, a number of firms have released research notes about the stock. Stifel stated their Hold rating for the stock in a research note on September 29, 2022, with the firm’s price target at $3.50. Northland Capital coverage for the O2Micro International Limited (OIIM) stock in a research note released on November 04, 2015 offered a Market Perform rating with a price target of $1.75. Northland Capital was of a view on October 08, 2014 that the stock is Outperform, while Northland Capital gave the stock Outperform rating on March 24, 2014, issuing a price target of $7. Needham on their part issued Hold rating on December 24, 2012.
