SemiLEDs (NASDAQ:LEDS) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of SemiLEDs (NASDAQ:LEDS) in a report released on Thursday morning. The brokerage issued a sell rating on the semiconductor company’s stock.

SemiLEDs Trading Up 1.3 %

Shares of LEDS opened at $2.32 on Thursday. 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 firm’s 50-day moving average price is $1.74 and its 200-day moving average price is $1.44. The firm has a market capitalization of $16.73 million, a price-to-earnings ratio of -7.03 and a beta of 1.18.

SemiLEDs (NASDAQ:LEDS) last issued its quarterly earnings data on Friday, January 10th. The semiconductor company reported ($0.08) EPS 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 bought a new position in SemiLEDs Co. (NASDAQ:LEDS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned about 5.23% of SemiLEDs at the end of the most recent quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

About SemiLEDs

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.