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

Equities researchers at StockNews.com began coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research note issued to investors on Wednesday. The firm set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Stock Up 2.6 %

NASDAQ:LEDS opened at $1.58 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.74 and a debt-to-equity ratio of 1.65. The stock’s fifty day moving average is $1.51 and its two-hundred day moving average is $1.41. SemiLEDs has a 52 week low of $1.01 and a 52 week high of $3.47. The stock has a market capitalization of $7.85 million, a price-to-earnings ratio of -2.82 and a beta of 1.07.

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

Institutional Trading of SemiLEDs

Several hedge funds have recently modified their holdings of LEDS. Bank of America Corp DE acquired a new stake in shares of SemiLEDs in the first quarter valued at $59,000. Millennium Management LLC acquired a new stake in SemiLEDs in the second quarter valued at $59,000. Finally, Citadel Advisors LLC acquired a new stake in SemiLEDs in the third quarter valued at $29,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

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.