StockNews.com Initiates Coverage on SemiLEDs (NASDAQ:LEDS)

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

SemiLEDs Trading Up 1.3 %

Shares of SemiLEDs stock opened at $1.53 on Tuesday. The company has a 50 day simple moving average of $1.32 and a two-hundred day simple moving average of $1.31. The firm has a market cap of $11.03 million, a PE ratio of -4.14 and a beta of 1.08. SemiLEDs has a 1 year low of $0.92 and a 1 year high of $2.29. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.85 and a quick ratio of 0.34.

SemiLEDs (NASDAQ:LEDS) last posted its quarterly earnings data on Friday, January 10th. The semiconductor company reported ($0.08) earnings per share (EPS) for the quarter. SemiLEDs had a negative return on equity of 91.96% and a negative net margin of 39.28%.

Institutional Trading of SemiLEDs

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC acquired a new position in SemiLEDs Co. (NASDAQ:LEDS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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. 76.29% of the stock is 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.