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

StockNews.com started coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research note issued to investors on Sunday. The firm set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Stock Performance

Shares of LEDS opened at $1.81 on Friday. The company’s fifty day moving average is $1.51 and its 200-day moving average is $1.36. SemiLEDs has a 12 month low of $0.92 and a 12 month high of $2.48. The firm has a market cap of $13.05 million, a price-to-earnings ratio of -5.48 and a beta of 1.09. The company has a quick ratio of 0.25, a current ratio of 0.77 and a debt-to-equity ratio of 0.47.

SemiLEDs (NASDAQ:LEDS) last posted its quarterly earnings data on Friday, January 10th. The semiconductor company reported ($0.08) earnings per share (EPS) 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

An institutional investor recently raised its position in SemiLEDs stock. Renaissance Technologies LLC raised its stake in SemiLEDs Co. (NASDAQ:LEDS) by 212.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,716 shares of the semiconductor company’s stock after purchasing an additional 27,016 shares during the period. Renaissance Technologies LLC owned approximately 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.

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.