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

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

SemiLEDs Stock Performance

NASDAQ:LEDS opened at $2.26 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.77 and a quick ratio of 0.25. The firm has a market cap of $16.30 million, a PE ratio of -6.85 and a beta of 1.18. The firm has a 50 day simple moving average of $1.76 and a 200-day simple moving average of $1.45. SemiLEDs has a 1-year low of $0.92 and a 1-year high of $2.48.

SemiLEDs (NASDAQ:LEDS) last issued its quarterly earnings results on Friday, January 10th. The semiconductor company reported ($0.08) earnings per share for the quarter. SemiLEDs had a negative net margin of 41.41% and a negative return on equity of 81.97%.

Institutional Trading of SemiLEDs

An institutional investor recently raised its position in SemiLEDs stock. Renaissance Technologies LLC increased its stake in SemiLEDs Co. (NASDAQ:LEDS) by 212.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,716 shares of the semiconductor company’s stock after acquiring 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. Institutional investors and hedge funds own 76.29% of the company’s stock.

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.