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

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

SemiLEDs Stock Up 2.6 %

Shares of SemiLEDs stock opened at $1.58 on Wednesday. The company has a fifty day moving average price of $1.51 and a 200 day moving average price of $1.41. The company has a current ratio of 0.74, a quick ratio of 0.35 and a debt-to-equity ratio of 1.65. SemiLEDs has a twelve month low of $1.01 and a twelve month high of $3.47. The stock has a market cap of $7.85 million, a price-to-earnings ratio of -2.82 and a beta of 1.07.

SemiLEDs (NASDAQ:LEDS) last announced its quarterly earnings results on Wednesday, April 3rd. The semiconductor company reported ($0.11) earnings per share for the quarter. SemiLEDs had a negative return on equity of 210.92% and a negative net margin of 49.29%. The business had revenue of $0.89 million for the quarter.

Hedge Funds Weigh In On SemiLEDs

A number of institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in SemiLEDs by 113.8% in the 4th quarter. Millennium Management LLC now owns 29,441 shares of the semiconductor company’s stock worth $47,000 after buying an additional 15,668 shares in the last quarter. Citadel Advisors LLC acquired a new position in SemiLEDs in the 3rd quarter worth $29,000. Finally, Bank of America Corp DE acquired a new position in SemiLEDs in the 1st quarter worth $59,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

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.