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

Equities researchers at StockNews.com began coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Price Performance

Shares of LEDS stock opened at $1.60 on Monday. The firm has a fifty day simple moving average of $1.56 and a 200-day simple moving average of $1.38. The company has a market capitalization of $11.54 million, a PE ratio of -4.85 and a beta of 1.09. SemiLEDs has a twelve month low of $0.92 and a twelve month high of $2.48. 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 issued its quarterly earnings data on Friday, January 10th. The semiconductor company reported ($0.08) EPS for the quarter. SemiLEDs had a negative return on equity of 81.97% and a negative net margin of 41.41%.

Institutional Investors Weigh In On SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC purchased a new position in shares of SemiLEDs Co. (NASDAQ:LEDS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned approximately 5.23% of SemiLEDs at the end of the most recent quarter. 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.