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

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

SemiLEDs Trading Up 1.7 %

NASDAQ:LEDS opened at $2.28 on Monday. The firm’s 50 day moving average is $2.02 and its 200 day moving average is $1.61. SemiLEDs has a 12 month low of $0.92 and a 12 month high of $2.94. The stock has a market capitalization of $18.69 million, a PE ratio of -6.91 and a beta of 0.96. The company has a current ratio of 0.77, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47.

SemiLEDs (NASDAQ:LEDS) last announced its quarterly earnings data on Thursday, April 10th. The semiconductor company reported $0.05 earnings per share for the quarter. The company had revenue of $10.87 million during the quarter. SemiLEDs had a negative return on equity of 81.97% and a negative net margin of 41.41%.

Institutional Trading of SemiLEDs

A hedge fund recently raised its stake in SemiLEDs stock. Renaissance Technologies LLC boosted its position in shares of SemiLEDs Co. (NASDAQ:LEDS) by 212.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,716 shares of the semiconductor company’s stock after acquiring an additional 27,016 shares during the period. Renaissance Technologies LLC owned 0.55% of SemiLEDs worth $51,000 as of its most recent SEC filing. 76.29% of the stock is owned by institutional investors and hedge funds.

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.