OmniVision Technologies up 7% After Positive DigiTimes Article
OmniVision Technologies (NASDAQ: OVTI) is trading higher on the session following a DigiTimes article suggesting that the company's contract partners have boosted their production volume. According to the article, his could indicate that OmniVision is preparing to produce parts for Apple's (NASDAQ: AAPL) next-generation iPhone and iPad:
"OmniVision is believed to have secured orders for Apple's next-generation iPhone and iPad series, and recently stepped up its pace of orders with contract partners including KYEC and Tong Hsing, the sources indicated. KYEC and Tong Hsing previously cut into the supply chain for Apple's iPhone 4S through supplying backing services to OmniVision, the sources observed."
OmniVision is currently trading at $15.24, a gain of $1.05 or 7.40%.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.