StockNews.com Initiates Coverage on SemiLEDs (NASDAQ:LEDS)

StockNews.com assumed coverage on shares of SemiLEDs (NASDAQ:LEDS) in a report published on Saturday. The brokerage issued a sell rating on the semiconductor company’s stock.

SemiLEDs Price Performance

LEDS stock opened at $1.71 on Friday. The stock has a 50-day moving average price of $1.47 and a two-hundred day moving average price of $1.34. SemiLEDs has a 12-month low of $0.92 and a 12-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. The company has a market cap of $12.33 million, a PE ratio of -5.18 and a beta of 1.09.

SemiLEDs (NASDAQ:LEDS) last issued its earnings results on Friday, January 10th. The semiconductor company reported ($0.08) earnings per share for 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 lifted its stake in shares of SemiLEDs Co. (NASDAQ:LEDS) by 212.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,716 shares of the semiconductor company’s stock after purchasing an additional 27,016 shares during the quarter. Renaissance Technologies LLC owned about 0.55% of SemiLEDs worth $51,000 as of its most recent filing with the Securities and Exchange Commission. 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.