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Zacks Analyst Interview Highlights: OmniVision, ON Semiconductor and Microsoft
CHICAGO--Zacks.com releases the latest Analyst Interview. Today's interview is with senior analyst Ken Nagy, who discusses OmniVision (Nasdaq: OVTI), ON Semiconductor (Nasdaq: ONNN) and Microsoft (Nasdaq: MSFT).
A synopsis of today's Analyst Interview is presented below. The full article can be read at http://at.zacks.com/?id=2678.
Which semiconductor stocks are your top Buys at this time?
OmniVision (Nasdaq: OVTI) is an OEM of CMOS image sensors and support circuitry used within handsets and applications in other mass markets. Results exceeded consensus estimates on both the top and bottom lines and were also better than management expectations. Forward guidance is for a 30-38% revenue increase in the first quarter. The strong guidance is on account of the resurgence in handset demand, and ASP pressures are likely to be offset by a more favorable mix. We believe the outlook is much improved. Consequently,we upgraded OVTI shares to BUY.
ON Semiconductor (Nasdaq: ONNN) is an OEM of primarily analog semiconductors used within a diverse set of end markets. June quarter results slightly exceeded consensus estimates. Next quarter's revenue guidance is for 3-6% growth. Backlog represents over 90% of next quarter's revenue projection. The company has also begun to get significant revenue from its recent major purchase of LSI Logic's Gresham, Oregon wafer facility, which has the potential to be a solid revenue driver. Despite reports of muted success from Microsoft (Nasdaq: MSFT) Vista, we feel the stock is under valued at these levels, and recommend Investors buy the shares.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=2679.
About Zacks
The performance of the Zacks Rank portfolios shown above for annual and year-to-date periods are the linked monthly total returns (price changes + dividends) of equal weighted hypothetical portfolios, consisting of those stocks with the indicated Zacks Rank, assuming monthly rebalancing and zero transaction costs. These are not the returns of actual portfolios. The hypothetical portfolios were created at the beginning of each month from Jan 1988 forward based on the values of the Zacks Rank available to Zacks' clients before the beginning of each month. The portfolios created monthly from 1988 through September 2006 exclude ADRs and are comprised of stocks that have the indicated Zacks Rank and were covered by at least two analysts at the time of the stocks inclusion in the portfolio. Starting in October 2006 and going forward, the portfolios are comprised of all stocks with the indicated Zacks Rank and do not exclude ADRs, which is more reflective of the list of stocks that customers will find on the Zacks web sites. 2007 returns are for the period of Jan 1 - Jun 30, 2007. These performance numbers have been audited from 1995 through 2003 by Autschuler Melovan, a division of American Express Financial.
Contacts
Zacks.com
Terry Ruffolo
Media Relations
312-265-9213
Visit: www.zacks.com
A synopsis of today's Analyst Interview is presented below. The full article can be read at http://at.zacks.com/?id=2678.
Which semiconductor stocks are your top Buys at this time?
OmniVision (Nasdaq: OVTI) is an OEM of CMOS image sensors and support circuitry used within handsets and applications in other mass markets. Results exceeded consensus estimates on both the top and bottom lines and were also better than management expectations. Forward guidance is for a 30-38% revenue increase in the first quarter. The strong guidance is on account of the resurgence in handset demand, and ASP pressures are likely to be offset by a more favorable mix. We believe the outlook is much improved. Consequently,we upgraded OVTI shares to BUY.
ON Semiconductor (Nasdaq: ONNN) is an OEM of primarily analog semiconductors used within a diverse set of end markets. June quarter results slightly exceeded consensus estimates. Next quarter's revenue guidance is for 3-6% growth. Backlog represents over 90% of next quarter's revenue projection. The company has also begun to get significant revenue from its recent major purchase of LSI Logic's Gresham, Oregon wafer facility, which has the potential to be a solid revenue driver. Despite reports of muted success from Microsoft (Nasdaq: MSFT) Vista, we feel the stock is under valued at these levels, and recommend Investors buy the shares.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=2679.
About Zacks
The performance of the Zacks Rank portfolios shown above for annual and year-to-date periods are the linked monthly total returns (price changes + dividends) of equal weighted hypothetical portfolios, consisting of those stocks with the indicated Zacks Rank, assuming monthly rebalancing and zero transaction costs. These are not the returns of actual portfolios. The hypothetical portfolios were created at the beginning of each month from Jan 1988 forward based on the values of the Zacks Rank available to Zacks' clients before the beginning of each month. The portfolios created monthly from 1988 through September 2006 exclude ADRs and are comprised of stocks that have the indicated Zacks Rank and were covered by at least two analysts at the time of the stocks inclusion in the portfolio. Starting in October 2006 and going forward, the portfolios are comprised of all stocks with the indicated Zacks Rank and do not exclude ADRs, which is more reflective of the list of stocks that customers will find on the Zacks web sites. 2007 returns are for the period of Jan 1 - Jun 30, 2007. These performance numbers have been audited from 1995 through 2003 by Autschuler Melovan, a division of American Express Financial.
Contacts
Zacks.com
Terry Ruffolo
Media Relations
312-265-9213
Visit: www.zacks.com
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