NEW YORK (TheStreet) -- OmniVision Technologies (OVTI) is a “pretty good company that makes the camera on your cellphone,” TheStreet’s Jim Cramer, co-manager of the Action Alerts PLUS portfolio, explained on CNBC’s “Cramer’s Stop Trading” segment.
The stock, at $28, is up almost 14% Thursday following a buyout offer for $29 per share in cash from Hua Capital.
OmniVision has great technology but has continually disappointed investors and analysts with its earnings reports, Cramer said.
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He advised investors in OmniVision Technologies to consider taking profits now since the takeover offer is not guaranteed to be accepted, Cramer concluded.
-- Written by Bret Kenwell in Petoskey, Mich.