Advanced digital imaging solutions provider,
OmniVision Technologies, Inc.
) launched an 8-megapixel CameraChip sensor, OV8865 for
smartphones and tablets.
OmniVision's latest offering, OV8865 comes with an enhanced
1.4-micron OmniBSI-2TM pixel. The OV8865 operates at 30 frames
per second (FPS) for high-speed photography. It is also capable
of taking 1080p high definition (HD) video. Its post-binning
resampling filter reduces spatial and image artifacts around the
edges to offer clear images.
The new image sensor is almost half the size of its
predecessor and comfortably fits into thinner smart devices. The
OV8865 consumes less power and thus extends the battery life of
these devices. Manufacturers of smartphones and tablets are
likely to benefit from such a power-efficient solution.
Currently, image sensors are gaining popularity due to the
rapid adoption of smart devices. The latest range of smartphones
and tablets support higher megapixel camera sensors so that
consumers can enjoy better picture quality while capturing videos
and photos on the move.
According to IDC, smartphones may witness 95.9% growth within
a span of four years i.e. 2012-2016. Its shipments may reach
1.405 billion units in 2016. Further, tablets may see a 131.2%
jump in the same time period to touch 282.7 million units. The
solid growth prospects in these two markets coupled with
OmniVision's market position will likely boost sales of its 8MP
OmniVision is one of the largest suppliers of CMOS image
sensors to multiple end markets, particularly the handset, DSC,
DVC, notebook, webcam, security and medical markets, and has a
significant share of the total image sensor market. The company
has consistently delivered new, technologically advanced
OmniVision reported revenues of $336.2 million in the fourth
quarter of fiscal 2013, down 20.6% sequentially but up 53.8% over
the prior year period. Revenues exceeded management's guidance
range of $300-$330 million. The camera phone market was
OmniVision's largest revenue contributor, bringing in 65% of
total revenue. OmniVision saw strength in mobile handsets in the
Chinese market, which was offset by seasonal weakness in other
OmniVision shares carry a Zacks Rank #1 (Strong Buy).
Other semiconductor stocks such as
Amkor Tech Inc.
), all have a Zacks Rank #2 (Buy), and are also worth
considering at current levels.
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