UPDATE: Morgan Keegan Previews 2Q Earnings at OmniVision Technologies

Morgan Keegan has published a research report on OmniVision Technologies OVTI In the report, Morgan Keegan wrote, "OVTI is scheduled to report its July quarter results after the market close on Thursday, August 25, 2011. We are looking for results of $0.68/$278.9 million versus consensus of $0.71/$276.6 million, with the difference being gross margin assumptions. We are looking for gross margin of 30.4% vs. consensus at 30.8%." Morgan Keegan rated Omnivision Technologies a Market Perform with a price target of $34.50. Omnivision Technologies closed Monday at $23.60.