SemiLEDs (NASDAQ:LEDS) Now Covered by StockNews.com

StockNews.com started coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research note released on Wednesday. The brokerage issued a sell rating on the semiconductor company’s stock.

SemiLEDs Price Performance

Shares of NASDAQ:LEDS opened at $2.33 on Wednesday. The company’s 50-day moving average is $2.13 and its 200 day moving average is $1.68. 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 capitalization of $19.11 million, a P/E ratio of -7.06 and a beta of 1.00. SemiLEDs has a fifty-two week low of $0.92 and a fifty-two week high of $2.94.

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

Institutional Investors Weigh In On SemiLEDs

A hedge fund recently raised its stake in SemiLEDs stock. Renaissance Technologies LLC raised its holdings in shares of SemiLEDs Co. (NASDAQ:LEDS) by 212.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,716 shares of the semiconductor company’s stock after purchasing 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 filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.