SemiLEDs (NASDAQ:LEDS) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research report report published on Friday. The firm issued a sell rating on the semiconductor company’s stock.

SemiLEDs Stock Down 0.6 %

NASDAQ:LEDS opened at $1.57 on Friday. The company has a market cap of $11.32 million, a price-to-earnings ratio of -4.76 and a beta of 1.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.25 and a current ratio of 0.77. The stock’s fifty day moving average price is $1.43 and its two-hundred day moving average price is $1.34. SemiLEDs has a 52-week low of $0.92 and a 52-week high of $2.48.

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

Hedge Funds Weigh In On SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC acquired a new position in shares of SemiLEDs Co. (NASDAQ:LEDS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period. Institutional investors own 76.29% of the company’s stock.

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.