SemiLEDs (NASDAQ:LEDS) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Posted by Defense World Staff on Mar 11th, 2025

SemiLEDs Co. (NASDAQ:LEDS – Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.39 and traded as high as $1.80. SemiLEDs shares last traded at $1.67, with a volume of 14,302 shares traded.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of SemiLEDs in a research report on Tuesday. They set a “sell” rating for the company.

Check Out Our Latest Stock Report on SemiLEDs

SemiLEDs Trading Down 4.0 %

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 has a market cap of $12.04 million, a P/E ratio of -5.06 and a beta of 1.18. The company has a 50-day simple moving average of $1.58 and a 200-day simple moving average of $1.39.

SemiLEDs (NASDAQ:LEDS – Get Free Report) last released 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 raised its position in SemiLEDs stock. Renaissance Technologies LLC boosted its position in shares of SemiLEDs Co. (NASDAQ:LEDS – Free Report) by 212.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,716 shares of the semiconductor company’s stock after buying an additional 27,016 shares during the quarter. Renaissance Technologies LLC owned approximately 0.55% of SemiLEDs worth $51,000 as of its most recent SEC filing. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

SemiLEDs Company Profile

(Get Free Report)

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.