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

Analysts at StockNews.com initiated 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 Trading Down 0.5 %

LEDS opened at $2.07 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.77 and a quick ratio of 0.25. The company’s 50 day simple moving average is $1.66 and its two-hundred day simple moving average is $1.41. SemiLEDs has a 1-year low of $0.92 and a 1-year high of $2.48. The firm has a market capitalization of $14.93 million, a price-to-earnings ratio of -6.27 and a beta of 1.18.

SemiLEDs (NASDAQ:LEDS) last released its earnings results on Friday, January 10th. The semiconductor company reported ($0.08) earnings per share for the quarter. SemiLEDs had a negative return on equity of 81.97% and a negative net margin of 41.41%.

Institutional Trading of SemiLEDs

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC purchased a new position in shares of SemiLEDs Co. (NASDAQ:LEDS) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 reporting period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

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.