Back to top

Press Releases

Zacks Industry Rank Analysis Highlights: Google, ChipMOS Tech and Omnivision Tech

IMOS OVTI

 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

For Immediate Release

Chicago, IL – July 2, 2013 – Stocks featured in this week’s Zacks Industry Rank analysis include Google -Free Report), ChipMOS Tech Ltd ((IMOS - Snapshot Report)-Free Report) and Omnivision Tech ((OVTI - Analyst Report)-Free Report).

Zacks Industry Rank Analysis is written by John Blank, PhD, Chief Equity Strategist, Zacks.com.

Small Components, Big Earnings

Tech has seen its share of ups and downs. But the social need for connectivity is bringing screens of all sizes to the masses in second and third world countries. Meanwhile, tech innovation has become the MSG of the first world.  We simply can’t get enough.


As Google -Free Report) develops internet “balloons” to carry web access to every corner of the globe, the propagation of technology is becoming so ubiquitous that it stands to become the next basic necessity, just behind air, food and water. With these factors in mind, it should come as no surprise that the Zacks Industry Rank for electronic components and semiconductors jumped +27 this week.

Electronic Components & Semiconductors now enjoys a Zacks Industry Rank of #79.

Typically, sectors with a large number of companies make more modest movements in this industry rank list. However, this group of 59 companies benefited from 20 recent positive revisions to annual earnings estimates compared to only 8 negative revisions. While these positive estimate revisions average only +6% individually, the sheer number of companies in this industry being revised higher is powering this deep Zacks Industry Rank movement.  

Two companies in particular seem charged for strong profitability.

Their shares have been upgraded this week in terms of their individual Zacks Rank. Upward movement in this rank from a Buy or Hold to a Strong Buy signals a stock may be on the move higher, following future positive earnings estimate revisions.

Including this factor in your investment strategy can assist in grasping not only the direction of a given business, but secular trends within a sector like Tech. Both of these businesses have been revised upward to a current Zacks Rank #1 (Strong Buy). Both hold a Zacks long-term recommendation of “Outperform,” too.

As with any good investment strategy, pay close attention to the components. It is time well spent.

ChipMOS Tech Ltd ((IMOS - Snapshot Report)-Free Report)

IMOS is a Zacks Rank #1 (Strong Buy). It was upgraded two spots within the last week from a Zacks Rank #3 (Hold). This company reports earnings on August 16, 2013.

ChipMOS Tech is the leading independent provider of semiconductor testing and assembly services. The company is the largest independent provider of testing and assembly services for LCD and other flat-panel display driver semiconductors globally, and a leading provider of testing and assembly services for advanced memory products in Taiwan. With the global LCD market under heavy pressure to accommodate more screens per household, not to mention larger and better options, demand appears strong.

IMOS pays an annual dividend of 0.72%. Their most recent quarterly earnings surprise was +215%.

Omnivision Tech ((OVTI - Analyst Report)-Free Report)

OVTI is a Zacks Rank #1 (Strong Buy), climbing up from Zacks Rank #2 (Buy) just last week. This company reports quarterly earnings on August 22, 2013.

OmniVision Technologies, Inc. designs, develops and markets semiconductor imaging devices for computing, communications and consumer electronics applications. The company's major products, CMOS image sensors, are used to capture an image in actual cameras and camera-related products such as personal computer cameras, digital still cameras, personal digital assistant cameras and mobile phone cameras.

Recently, the company introduced a new sensor for 8 megapixel smartphone cameras. They continue a balanced approach to their offerings by providing image sensor products in segments such as automotive, security and tablet/pc webcams. OVTI has a big end-market position in China.

OVTI’s most recent quarterly earnings surprise was +88%.

Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of the industries and the stocks poised to outperform the market. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=2564.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=2565.

Follow us on Twitter:  http://twitter.com/zacksresearch

Join us on Facebook:  http://www.facebook.com/ZacksInvestmentResearch

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact: Terry Ruffolo 

Company: Zacks.com
Phone: 312-265-9213
Email: pr@zacks.com

Visit: www.Zacks.com

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
LAKE SHORE G LSG 0.77 +6.05%
QUESTCOR PHA QCOR 80.07 +2.47%
VIPSHOP HOLD VIPS 156.35 +1.82%
ENLINK MIDST ENLC 36.29 +1.60%
BNC BANCORP BNCN 17.33 +1.58%