Why Shares of Omnivision Are Setting Up to Move Substantially Higher

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OmniVision Technologies Inc. (NASDAQ:OVTI) is a publicly traded company with a stock that is set to rocket higher. The company engages in designing, developing, and marketing semiconductor image-sensor devices worldwide. It offers CameraChip image sensors, which are single-chip solutions that integrate various functions such as image capture, image processing, color processing, signal conversion, and output of a processed image or video stream for use in various consumer and commercial mass-market applications. It also offersCameraCube imaging devices that are image sensors with integrated wafer-level optics.

The company supplies companion chips used to connect its image sensors to various interfaces, including the universal serial bus and other industry standard interfaces and companion digital signal processors that perform compression in standardized still photo and digital video formats. In addition, it designs and develops software drivers for Linux, Mac OS X, and Microsoft Windows, as well as for embedded operating systems like Android, Blackberry OS, Symbian, Windows CE, Windows Embedded, and Windows Mobile. The company sells its products directly to original equipment manufacturers and value-added resellers, as well as indirectly through distributors.

It serves mobile phone, notebook and Webcam, digital still camera, security and surveillance, entertainment, and the automotive and medical markets. Its recent performance suggests the stock could reward shareholders handsomely moving forward.