SemiLEDs (NASDAQ:LEDS) Now Covered by StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research report issued on Sunday. The brokerage set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Stock Performance

Shares of SemiLEDs stock opened at $1.89 on Friday. The company has a 50 day moving average of $1.51 and a 200-day moving average of $1.36. SemiLEDs has a 1-year low of $0.92 and a 1-year high of $2.48. The company has a current ratio of 0.77, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47. The company has a market cap of $13.63 million, a PE ratio of -5.73 and a beta of 1.09.

SemiLEDs (NASDAQ:LEDS) last issued its quarterly earnings results on Friday, January 10th. The semiconductor company reported ($0.08) earnings per share for the quarter. SemiLEDs had a negative return on equity of 81.97% and a negative net margin of 41.41%.

Hedge Funds Weigh In On SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC acquired a new position in shares of SemiLEDs Co. (NASDAQ:LEDS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned approximately 5.23% of SemiLEDs at the end of the most recent reporting period. 76.29% of the stock is owned by hedge funds and other institutional investors.

SemiLEDs Company Profile

SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips, LED components, and LED modules and systems in the United States, Taiwan, the Netherlands, Germany, Japan, and internationally. The company also sells enhanced vertical, LED product series in blue, white, green, and UV; LED chips to packagers or distributors; and lighting products primarily to original design manufacturers of lighting products and the end-users of lighting devices, as well as packs and sells its LED chips.