Market Overview

UPDATE: Sterne Agee Reduces PT to $8 on SemiLEDs Corporation on Capacity Utilization and Operating Loss Concerns

Share:
Related LEDS
Earnings Scheduled For January 14, 2015
Worst Performing Industries For January 13, 2015

Sterne Agee reiterated its Buy rating on SemiLEDs Corporation (NASDAQ: LEDS) but reduced its price target on shares from $10 to $8.

Sterne Agee said, "The stock will likely trade flat with the strong top-line offset by capacity utilization and operating losses that were below our expectations. Cash burn will likely persist over the next few quarters given the lack of any near-term catalysts to move utilization substantially higher, as well as management's focus on working down inventory."

SemiLEDs Corporation closed at $2.63 on Tuesday.

Latest Ratings for LEDS

DateFirmActionFromTo
Nov 2012Sterne AgeeReiteratesBuy
Nov 2012Caris & Co.DowngradesAbove Average
Nov 2012Caris & Co.DowngradesAbove Average

View More Analyst Ratings for LEDS
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (LEDS)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→