OmniVision Integrated Circuits Group, Inc. is trading 5% up at CNY 101.92 as the stock continues a two-day rebound following last week’s semiconductor sector weakness.
- Citi issued a fresh Buy call on the company and the broader Chinese semiconductor sector, significantly boosting investor sentiment.
- Confidence is further supported by disclosures that the company has been actively repurchasing shares, providing a floor for the stock price despite a lack of new fundamental announcements.