Sterne Agee Adjusts Estimates on SemiLEDS, Reiterates Buy Rating

According to a research report published by Sterne Agee, SemiLEDs Corp.

is at an attractive entry point due to valuation and fundamentals nearing a bottom and capacity utilization hitting a potential trough. Sterne Agee comments, “With net cash per share of $2.19 and tangible book value per share of $5.16, we believe patient investors should be buying the stock in anticipation that SemiLEDs will be able to improve gross margins through cost reductions and volume increases as end market demand recovers.” Sterne Agee maintains SemiLED's Buy rating with a $10 PT, which closed Friday at $3.63.