O2Micro International Limited (OIIM) Maintains Overweight Rating; Price Target Raised

Analysts Tore Svanberg and Evan Wang at Thomas Weisel Partners have released an update on O2Micro International Limited (ADR) (NASDAQ: OIIM).

With the March quarter nearing an end, analysts believe the company’s business is tracking ahead of expectations and could beat revenue guidance of $32-$34 million. Checks conducted by analysts indicate resumption in bookings momentum.

Analysts have also raised revenue and EPS estimates for 2010. The revenue estimate has been raised from $141.2 million to $144.8 million, while EPS estimate has been raised from $0.36 to $0.40.

Analysts at Thomas Weisel Partners continue to rate O2Micro International Limited as Overweight and have raised the price target from $7 to $8.