Sterne Agee Reports on O2Micro International (OIIM)

In a report released this morning, Sterne Agee commented on O2Micro International OIIM. Sterne Agee was bullish on the company. Sterne Agee comments, “Revenue of $31.1 million was better than consensus of $29.7 million and guidance of $28.7-$30.2 million. Upside was driven by better than expected demand from the computer segment, which accounted for 30-40% of sales, up from 25%-30% of sales in the December quarter. Despite the below-consensus revenue guidance, valuation is still attractive at 8X the lowered EPS for 2011.” Sterne Agee currently has a Buy rating on the company and a price target of $12. O2Micro International closed the trading day on Friday at $7.00, up from $6.93.