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

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

SemiLEDs Stock Up 3.9 %

Shares of LEDS stock opened at $1.33 on Friday. SemiLEDs has a fifty-two week low of $0.92 and a fifty-two week high of $2.29. The firm has a market capitalization of $9.59 million, a PE ratio of -3.59 and a beta of 1.06. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.34 and a current ratio of 0.85. The stock’s 50-day simple moving average is $1.28 and its 200-day simple moving average is $1.30.

Institutional Trading of SemiLEDs

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC purchased a new stake in SemiLEDs Co. (NASDAQ:LEDS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 76.29% of the stock is currently owned by 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.