OmniVision (OVTI): Vaulted into the investor spotlight

By Timothy Lutts, Chief Investment Strategist and Editor of Cabot Stock of the Month
From Cabot Wealth Advisory 6/11/13 Sign up for free Cabot Wealth Advisory

Here’s an interesting stock, recently recommended by Mike Cintolo, editor of Cabot Top Ten Trader.

Its name is OmniVision (OVTI), and its one purpose is designing—not manufacturing—the semiconductor chips that gather and process images. Here’s what Mike wrote.

“OmniVision can take that 8 megapixel camera you bought last year and place it on a single chip. This technology is perfect for smaller cameras, mobile phones, notebooks, webcams, tablets, surveillance equipment and medical imaging systems. OmniVision vaulted into the investor spotlight last week when the company released an excellent fourth-quarter report posting revenue growth of 54%, and earnings growth of 55%. Growth was solid during the past year for OmniVision, with the company averaging revenue growth of 64% on a year-over-year basis. What’s more, the company’s focus on increasing volume and tightening its vendor relationships helped it ship more than 855 million image sensors during the year, leading to OmniVision’s first $1 billion revenue year. With innovative products on the horizon, like its low-cost camera-cube chip, and increasing market share in China—the world’s largest mobile phone market—OmniVision is back on track.”

For more details, including guidance on exactly where you should buy the stock, click here now.