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

Investment analysts at StockNews.com assumed coverage on shares of SemiLEDs (NASDAQ:LEDS) in a report released on Saturday. The firm set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Stock Down 2.8 %

LEDS opened at $1.71 on Friday. SemiLEDs has a 1 year low of $0.92 and a 1 year high of $2.48. The firm has a 50 day moving average price of $1.46 and a 200 day moving average price of $1.35. 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 company has a market cap of $12.33 million, a PE ratio of -5.18 and a beta of 1.09.

SemiLEDs (NASDAQ:LEDS) last released 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 81.97% and a negative net margin of 41.41%.

Institutional Investors Weigh In On SemiLEDs

A hedge fund recently raised its stake in SemiLEDs stock. Renaissance Technologies LLC boosted its stake in SemiLEDs Co. (NASDAQ:LEDS) by 212.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,716 shares of the semiconductor company’s stock after acquiring an additional 27,016 shares during the quarter. Renaissance Technologies LLC owned about 0.55% of SemiLEDs worth $51,000 at the end of the most recent reporting period. 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.