Taking Stock: OVTI

Omnivision Technologies (OVTI) specializes in making semiconductor chips for video devices such as digital video cameras and video on cell phones. Business is booming. Sales and income have been very strong. Here are some highlights from their last quarter report:

• Revenues were up about 37% Y o Y
• Gross margin improved from 36% to 40%
• Breaking into new market - Autos (GPS?)
• Current price $28.52 vs 52 week range of $11.74 to $34.49
• Earnings Yield (per MFI) 9%
• ROC (per MFI) > 100%
  
• No debt

I like the company. They seem very innovative and have great opportunities in front of them. Not sure what the rest of the list will look like, but let us say that the bar has been set high. "OVT-High".