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

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

SemiLEDs Price Performance

Shares of NASDAQ LEDS opened at $1.86 on Friday. The company has a fifty day moving average price of $1.90 and a 200 day moving average price of $1.53. SemiLEDs has a 1-year low of $0.92 and a 1-year high of $2.94. The firm has a market cap of $13.41 million, a PE ratio of -5.64 and a beta of 0.96. The company has a current ratio of 0.77, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47.

SemiLEDs (NASDAQ:LEDS) last posted its quarterly earnings data on Thursday, April 10th. The semiconductor company reported $0.05 earnings per share for the quarter. SemiLEDs had a negative return on equity of 81.97% and a negative net margin of 41.41%. The company had revenue of $10.87 million during the quarter.

Institutional Trading of SemiLEDs

A hedge fund recently raised its stake in SemiLEDs stock. Renaissance Technologies LLC raised its holdings in SemiLEDs Co. (NASDAQ:LEDS) by 212.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,716 shares of the semiconductor company’s stock after buying an additional 27,016 shares during the period. Renaissance Technologies LLC owned 0.55% of SemiLEDs worth $51,000 at the end of the most recent reporting period. 76.29% of the stock is currently 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.