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

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

SemiLEDs Price Performance

Shares of SemiLEDs stock opened at $1.26 on Wednesday. The firm has a market cap of $9.07 million, a PE ratio of -2.68 and a beta of 1.02. SemiLEDs has a twelve month low of $0.92 and a twelve month high of $2.29. The company has a quick ratio of 0.40, a current ratio of 0.94 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $1.23 and a 200 day moving average price of $1.32.

Institutional Investors Weigh In On SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC bought a new stake in SemiLEDs Co. (NASDAQ:LEDS) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned 5.24% of SemiLEDs as of its most recent SEC filing. 76.29% of the stock is 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.