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

Equities researchers at StockNews.com started coverage on shares of SemiLEDs (NASDAQ:LEDS) in a report issued on Thursday. The brokerage set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Stock Performance

NASDAQ LEDS opened at $2.26 on Thursday. The business has a 50 day moving average price of $1.76 and a 200 day moving average price of $1.45. The company has a market capitalization of $16.30 million, a P/E ratio of -6.85 and a beta of 1.18. SemiLEDs has a 1-year low of $0.92 and a 1-year high of $2.48. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.77 and a quick ratio of 0.25.

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

Institutional Trading of SemiLEDs

A hedge fund recently raised its stake in SemiLEDs stock. Renaissance Technologies LLC raised its stake in shares of SemiLEDs Co. (NASDAQ:LEDS) by 212.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,716 shares of the semiconductor company’s stock after buying 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. Hedge funds and other 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.