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

StockNews.com began coverage on shares of SemiLEDs (NASDAQ:LEDSGet Rating) in a research note issued to investors on Sunday. The firm set a “hold” rating on the semiconductor company’s stock.

LEDS stock opened at $2.49 on Friday. SemiLEDs has a 1-year low of $2.05 and a 1-year high of $31.44. The business has a fifty day moving average price of $2.97 and a 200-day moving average price of $3.98. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.02 and a quick ratio of 0.57. The stock has a market capitalization of $11.24 million, a P/E ratio of -4.15 and a beta of 1.09.

SemiLEDs (NASDAQ:LEDSGet Rating) last issued its quarterly earnings data on Thursday, April 7th. The semiconductor company reported ($0.04) EPS for the quarter. SemiLEDs had a negative return on equity of 71.27% and a negative net margin of 40.13%. The firm had revenue of $2.18 million during the quarter.

A number of large investors have recently added to or reduced their stakes in LEDS. Royal Bank of Canada bought a new stake in SemiLEDs during the second quarter valued at about $26,000. Centiva Capital LP bought a new position in shares of SemiLEDs in the third quarter worth about $632,000. Two Sigma Investments LP bought a new position in shares of SemiLEDs in the third quarter worth about $142,000. Renaissance Technologies LLC bought a new position in shares of SemiLEDs in the fourth quarter worth about $161,000. Finally, GSA Capital Partners LLP bought a new position in shares of SemiLEDs in the fourth quarter worth about $57,000. 4.63% of the stock is owned by institutional investors and hedge funds.

SemiLEDs Company Profile (Get Rating)

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, Ireland, 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 packages and sells its LED chips into LED components to distributors.

Featured Stories

Receive News & Ratings for SemiLEDs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SemiLEDs and related companies with MarketBeat.com's FREE daily email newsletter.