O2Micro International (NASDAQ:OIIM) issued its quarterly earnings results on Friday. The electronics maker reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11), Morningstar.com reports. The company had revenue of $14.27 million during the quarter, compared to analysts’ expectations of $13.30 million. O2Micro International had a negative net margin of 14.55% and a negative return on equity of 10.69%. O2Micro International updated its Q3 2019 guidance to EPS.
Shares of OIIM opened at $1.41 on Friday. O2Micro International has a twelve month low of $1.26 and a twelve month high of $2.40. The business’s 50 day simple moving average is $1.37.
Several institutional investors and hedge funds have recently modified their holdings of OIIM. White Pine Capital LLC raised its holdings in O2Micro International by 10.0% during the 1st quarter. White Pine Capital LLC now owns 891,915 shares of the electronics maker’s stock worth $1,525,000 after buying an additional 81,050 shares during the period. DNB Asset Management AS raised its holdings in O2Micro International by 1.0% during the 2nd quarter. DNB Asset Management AS now owns 2,649,409 shares of the electronics maker’s stock worth $3,673,000 after buying an additional 25,000 shares during the period. Finally, Balter Liquid Alternatives LLC raised its holdings in O2Micro International by 11.9% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 112,814 shares of the electronics maker’s stock worth $156,000 after buying an additional 12,010 shares during the period. 38.39% of the stock is owned by institutional investors.
About O2Micro International
O2Micro International Limited, together with its subsidiaries, designs, develops, and markets integrated circuits and solutions for power management components and systems in China, Japan, Taiwan, Korea, Singapore, and internationally. The company provides analog and mixed-signal integrated circuits that manage and provide LCD and LED lighting; control and monitor battery charging and discharging in portable electronic devices and vehicles; perform DC/DC and AC/DC conversion; and provide select and switch functionality between power sources.
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