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OmniVision Technologies, Inc. Message Board

mk54321 31 posts  |  Last Activity: Jul 28, 2016 8:03 AM Member since: Jan 30, 1998
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  • Rajvindra Gill, Needham & Co.: Reiterates a Buy rating, and raises his price target to $55 from $50. “CRUS reported a significant beat and raise quarter owing to stabilizing Apple iPhone 7 units combined with a ~40% dollar content increase. As we move into the C2H16, we are somewhat cautious with our assumptions as we believe CRUS has limited visibility and there exists potential sell-through risks at Apple. For FY18, we see a number of growth vectors including expansion into the mid- tier smartphones, higher sales of ANC chipsets that carry higher ASPs and additional amplifier sales. At Apple, we believe CRUS is also well-positioned next year for the iPhone 8, which we believe will be the “super” upgrade cycle (units should grow Y/Y), together with another 30% in dollar content per unit ($5 to $7) [...] As expected, revenue from Samsung declined due to share loss at Qualcomm, as Samsung transitioned to using Qualcomm’s baseband for the majority of its phones, which integrated the audio codec … This was the primary cause of the 8% year-over-year decrease in Portable Audio revenue of $216.1 million compared to $235.9 million in the year prior.” Gill raised his 2017 estimates to $1.409 billion in revenue and $3.10 EPS from a prior $1.345 billion and $2.85.

    Matthew Ramsay, Cannacord Genuity: Reiterates a Buy rating, and raises his price target to $56 from $52. “Financials demonstrate our thesis of content gains with Cirrus largest customer and share expansion within the Android ecosystem are both taking place. Overall, our positive thesis is very much intact and gained valuable proof points in the JuneQ results. We maintain our belief Cirrus’ leading portfolio of audio codec, amplifier and MEMS microphone products — the complete audio value chain — is well positioned to yield strong sales and earnings growth for the company for the next several years, even despite the well-documented slowing of global smartphone and iPhone unit growth expectations. Key growth drivers include 1) content gains with top customers, 2) Android share expansion,3) digital/ANC headset leadership, 4) an emerging MEMS microphone franchise, and 5) long-term growth of audio sales into emerging IoT markets. We reiterate our BUY rating and raise both our estimates materially and our price target from $52 to $56.” For 2017, Ramsay raised his estimates to $1.416 billion and $3.29 per share from a prior $1.33 billion and $2.84 per share.

    Tom Sepenzis, Northland Capital Markets: Reiterates an Outperform rating, and raises his price target to $55 from $45. “Handsets – Audio products for handsets were the primary driver in the June quarter beat as its top customer did slightly better than expected in unit sales and is beginning to ramp its new product introductions for the Fall. We expect CRUS will see additional boosted amplifier content in the upcoming products and this is helping push revenue up Y/Y despite relatively flat unit growth for the same time period. This should continue to drive better Y/ Y comps for the next year, especially as CRUS moves to 55 nanometer geometries.” Sepenzis raises his fiscal 2017 estimates to $1.4 billion and $3.21 per share from $1.3 billion and $2.88 per share.

    John Vinh, Pacific Crest: Reiterates a Sector Weight rating. “Cirrus posted significant upside driven by incremental content. Guidance implies $2.50 in incremental content (a 70% increase) versus the expectations of $1.50, resulting from the anticipated transition to digital headsets. With much of these expectations now reflected in Street expectations, and the stock’s recent outperformance, we see limited upside.” Vinh raises his 2017 estimates to $1.4 billion in revenue and $3.31 per share from a prior $1.27 billion and $2.85 per share.

  • https://m.youtube.com/watch?feature=youtu.be&v=2HZ9-SRjk6A

  • Apple's iPhone 6 line up that included its first phablet broke all iPhone sales records by selling over 74 million units for the 2014 holiday quarter. According to a new report out of China today, there's positive news on Apple's iPhone 7 ramp up that aims to equal or surpass that record.



    The report noted that "The Economic Daily News reported that Apple has started mass production of the iPhone 7, and some companies were hiring staff as they prepared to assemble the newest model.



    The United Daily News reported that Apple has asked its suppliers to produce 72 million to 78 million iPhone 7 units by the end of this year," and anything over 74,500 would set a new record for Apple.



    The report further noted that "The figure marks the highest yield target in the past two years, and far surpasses the predictions of Wall Street analysts, reflecting Apple's confidence that sales of its new model will beat expectations."

  • Reply to

    Today

    by trading_note Jul 18, 2016 10:24 AM
    mk54321 mk54321 Jul 22, 2016 9:21 PM Flag

    Thanks

  • Reply to

    msg. from nelonline

    by rjb2424 Jul 21, 2016 7:44 PM
    mk54321 mk54321 Jul 21, 2016 9:46 PM Flag

    AVGO is eating SWKS's lunch with their FBAR filters.

  • Reply to

    Today

    by trading_note Jul 18, 2016 10:24 AM
    mk54321 mk54321 Jul 19, 2016 8:24 AM Flag

    Salesforce has announced that it will support only certain Samsung Galaxy and Google Nexus smartphones starting with the update to its Android app. This is an unusual strategy from Salesforce to avoid spending time and money in testing the app for hundreds of Android devices and multiple versions of the operating system.

    Salesforce explained in its support document that it is taking this step “due to the wide array of available Android devices, we are targeting our support to a select number of Android devices to continue improving our overall Salesforce1 for Android user experience.” Salesforce’s unusual decision will improve Samsung’s already strong position in the Android smartphone market.

    The Salesforce1 app will support Galaxy S5, Galaxy S6, Galaxy S7 and S7 edge, Galaxy Note 4, Galaxy Note 10.1 and the Galaxy Tab A 9.7. The Google Nexus 5X and the Google Nexus 6P are the two Nexus devices currently supported by Salesforce. Users can install the app on other Android devices, but the company won’t actively support them or fix bugs for those devices.

  • Reply to

    A Little Surprised

    by gr0operator Jul 17, 2016 5:16 AM
    mk54321 mk54321 Jul 17, 2016 12:59 PM Flag

    Original agreement in 2013 was for $100 million for inventory then modified to $225 for Wolfson then they tapped iof for $160 million..with Wolfson acquision.

    Later increased to $250 million now increased to $300 million.

  • Reply to

    Any one else having trouble on the

    by gr0operator Jul 12, 2016 9:24 AM
    mk54321 mk54321 Jul 15, 2016 9:26 AM Flag

    You can still get the yahoo finance old format on yahoo Canada site

    Ca dot finance dot yahoo dot com

  • Cirrus Logic: "You made a lot of money because that turned out to be a home run. Boy, that is literally one of those companies that makes the sound for Apple. I want you to sell half just in case all of these negativists are right, and let the rest run."

  • mk54321 mk54321 Jul 13, 2016 10:39 AM Flag

    Lightning headphones: Why is Apple ditching the jack?
    Apple’s next flagship (presumably called the iPhone 7) might not come with a standard 3.5mm jack, because - according to the running theory of the moment - Apple will introduce 96kHz/24-bit music streaming in Apple Music.

    But an analog headphone jack can only deliver CD-quality sound. The lightning port, however, allows for headphones with integrated digital-to-analog converters and amplifiers, so audio traveling through the lightning port would therefore pass into the headphones digitally, thus avoiding typical analog signal interferences and whatnot.

    Lightning headphones are capable of receiving lossless stereo 48 kHz digital audio output from Apple devices and sending mono 48 kHz digital audio input. They can also draw power from an Apple device (even if the device is asleep). That means you can charge while you listen. Glorious!

  • mk54321 mk54321 Jul 13, 2016 10:35 AM Flag

    The MFI spec for lightning headphones call for DACs and amps in the cord.

  • The new EarPods look almost identical to the existing earbuds Apple sells with similar shape of the ear inserts, inline button and mic. However, the clear change is the connector. Rather than a 3.5mm connector, the headphones feature a reversible Lightning port for digital sound. This will obviously provide compatibility with the iPhone 7 and will assumedly also work with all Lightning-equipped products.

    The Weibo poster has taken several high-quality photos of these purported Apple EarPods, which we’ve included here. Most intriguingly, though, isn’t the port itself but the plastic surround that joins the connector to the cable. In contrast to the current EarPods, the images show a very thick casing around the end of the port.

    Although Apple usually strives for sleekness and thinness, it’s cables has been widely criticized for breaking too easily, particularly with fraying at the ends. It seems like the new EarPods, assuming the pictures are real, will be far less prone to such fraying due to the significant plastic protection. The housing may also have technical explanation: the Lightning headphones may contain an embedded audio DAC.

  • Reply to

    Any one else having trouble on the

    by gr0operator Jul 12, 2016 9:24 AM
    mk54321 mk54321 Jul 13, 2016 10:18 AM Flag

    Steps to fix general, browser-related problems
    If you don't see your problem listed above, these general steps will help with most browser-related issues.

    If Yahoo still isn't working
    Use these steps, starting with #1, then check if your problem is resolved before moving to the next step.

    Clear your browser's cache
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    Update your browser
    Yahoo pages work best in the latest version of your favorite browser.
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    If you've completed the steps above, and you're still having problems, try restarting your computer.
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    Buttons, menus, and other features may not work correctly if JavaScript is disabled.
    Disable browser enhancements
    Many browsers offer enhancements known as add-ons, plug-ins, or extensions. These may cause problems with Yahoo product features and functionality. Examples: toolbars, news/stock tickers, instant messaging, weather/email alerts, antivirus/antispyware managers, and games.
    Temporarily disable antivirus, antispyware, and firewall products
    In rare cases, security programs can block certain scripts that are essential to Yahoo product features.
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  • Reply to

    New IBD Article on CRUS

    by nelonline Jul 12, 2016 3:01 PM
    mk54321 mk54321 Jul 12, 2016 7:47 PM Flag

    Ramsay models $4-$5 Cirrus Logic content in the iPhone 7. If noise-canceling headphones are adopted in the iPhone 8 -- broadly speculated to be a massive iPhone overhaul -- Cirrus Logic could boost its dollar content to $6.50.

    As Android scrambles to match Apple's pace, Ramsay sees Cirrus Logic expanding further into that market where it only has 25% and 5% share in premium and low- to mid-tier smartphones, respectively. Qualcomm's audio chips have a solid share in those markets.

    "Even modest share gains could yield material upside to our estimates, given the 1.1 billion-plus Android unit total addressable market," Ramsay said. Growing to 30% of premium phones and 15% of the lower tiers could yield $4.16 earnings per share ex items in 2018, he says.

    Other drivers include Cirrus Logic's emerging MEMS (micro-electro-mechanical systems) microphone franchise and audio opportunities in the Internet of Things. Ramsay lowered his 2016 EPS minus items view to $2.84, but he boosted his 2017 model to $3.73.

  • Piper Jaffray’s Gene Munster and Douglas Clinton are out with data Monday from a new survey of iPhone users, which they say is reason to be optimistic about the Apple (AAPL) iPhone 7 launch.

  • Reply to

    New CRUS Article on SA

    by nelonline Jul 10, 2016 5:43 PM
    mk54321 mk54321 Jul 10, 2016 9:56 PM Flag

    Al... The author of this latest article on SeekingAlpha ...has done a very good job.
    I would like to add a few points that I believe are important for voice processing that will help Cirrus Logic expand into a broader customer base in both high end and mid tier devices.

    Migrating away from the 3.5 mm analog headset to a digital connection Apple Lightning cable and USB type C cable on Android will improve the Audio quality.

    Improvements in SIRI intelligence as well as opening up SIRI to 3rd parties is just the start of the next round of digital voice assistance...Android Google Now , Amazon ECHO, Microsoft Cortina....

    Software provided by Cirrus Logic is a key component of the secret sauce to perform important audio functions like speaker protection linerazation algos to maximize lows and high tones in quality music, etc. as well as oem's can add their own unique software or 3rd party supplied software solutions.

  • Since the Samsung Galaxy S7 and the Samsung Galaxy S7 edge were launched in March, it is estimated that 26 million units of the flagship devices have been sold. Thanks to the success of the pair, Samsung announced this morning that it expects to report operating profits of $7 billion for the second quarter. The three month period will be the manufacturer's best quarter in two years. Sales should come to $43.2 billion.

  • Rosenblatt Securities analyst Jun Zhang, who had previously warned of sluggish iPhone sales, today writes positively of select suppliers to Apple (AAPL), such as Qorvo (QRVO), given that the next model of iPhone, presumably an “iPhone 7,” should provide at least a near-term lift to components sales.

    Rising Chinese competition continues to weigh on iPhone, he opines, but suppliers such as Qorvo and Cirrus Logic (CRUS) can do alright, he thinks:

    We are not confident in iPhone 7 demand since we pointed out that Apple is facing more competition from Chinese OEMs in the high and middle-end mar- kets with faster hardware upgrades; however, as Q3 expectations have now been lowered, we believe Q2 earnings might not be as disappointing. We are positive on Qorvo (QRVO:NR), Cirrus Logic (CRUS:NR), CEVA Inc (CEVA:NR), TSM (TSM:NR), memory and panel suppliers into Q2 earnings due to stronger Q2 shipments to China with headwinds to be in August (Q3). We would use Q2 earnings strength to sell some component suppliers, such as Skyworks (SWKS:NR), InvenSense (INVN: Neutral), Qualcomm (QCOM: Neu- tral), ARM Holdings (ARMH:NR), and Knowles (KN:NR).

  • Reply to

    contrary to Jason's growth statement

    by cwb88 Jul 5, 2016 9:30 PM
    mk54321 mk54321 Jul 6, 2016 8:52 AM Flag

    It’s all part of Apple’s plan, an analyst says.
    If you think this could be a bad year for Apple and the iPhone, you’re not seeing the bigger picture, an analyst at Cowen & Co. says.

    In a research note sent to investors recently and obtained by Fortune, Cowen & Co. analyst Timothy Arcuri said that “the focus on iPhone 7 is obscuring a powder keg.” He added that investors should buy Apple AAPL -1.41% shares in anticipation of what could be a huge 2017 for the company.

    In his note, Arcuri acknowledged, like many other analysts, that iPhone sales this year could be rather soft. In fact, he believes that this year’s launch, presumed to be known as the iPhone 7 and iPhone 7 Plus, will garner 75 million unit shipments this year, which is about on-pace with the iPhone 6s line from last year, he says. However, Arcuri did a bit more digging and found that next year could be an explosive year for Apple, as a huge number of iPhone owners look to upgrade to whatever the company has planned for 2017.

  • Reply to

    contrary to Jason's growth statement

    by cwb88 Jul 5, 2016 9:30 PM
    mk54321 mk54321 Jul 6, 2016 8:27 AM Flag

    Cirrus Logic Downgraded To Sector Weight
    McConnell downgraded shares of Cirrus Logic, Inc. (NASDAQ: CRUS) to Sector Weight from Overweight with no set price target from a prior $40 price target.

    According to McConnell, Cirrus Logic is expected to be the biggest beneficiaries in terms of content from the iPhone 7 (in terms of a transition to a digital headset). However, the increased role in the device's design won't be sufficient to offset the expected 15 to 20 percent decline in total number of units shipped.

    McConnell now estimates fair value to Cirrus Logic's stock fair value to be in the range of $33 to $36 per share based on a 13x to 14x multiple on his 2017 earnings per share estimate of $2.55.

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