StockNews.com Initiates Coverage on O2Micro International (NASDAQ:OIIM)

StockNews.com assumed coverage on shares of O2Micro International (NASDAQ:OIIM – Get Rating) in a research note issued on Friday. The brokerage set a “hold” rating on the electronics maker’s stock.

O2Micro International Price Performance

O2Micro International stock opened at $4.90 on Friday. The stock’s fifty day moving average price is $4.66 and its two-hundred day moving average price is $4.25. O2Micro International has a one year low of $2.85 and a one year high of $4.93. The firm has a market cap of $142.79 million, a PE ratio of 49.00 and a beta of 0.62.

Hedge Funds Weigh In On O2Micro International

Hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC bought a new position in shares of O2Micro International in the 1st quarter valued at $30,000. Kennedy Capital Management Inc. bought a new position in shares of O2Micro International in the 2nd quarter valued at $52,000. Ergoteles LLC acquired a new stake in shares of O2Micro International during the 1st quarter valued at $55,000. Jane Street Group LLC acquired a new stake in shares of O2Micro International during the 1st quarter valued at $80,000. Finally, Morgan Stanley boosted its holdings in shares of O2Micro International by 15.5% during the 4th quarter. Morgan Stanley now owns 24,000 shares of the electronics maker’s stock valued at $107,000 after acquiring an additional 3,215 shares in the last quarter. Institutional investors own 30.14% of the company’s stock.

O2Micro International Company Profile

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O2Micro International Ltd. engages in design, development, and marketing of integrated circuits and solutions. The firm offers solutions for manufacturers of products in the consumer electronics, computers, industrial, communications, and automotive markets. Its products include LED backlighting controller ICs, battery management units, and gas gauge.