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

Investment analysts at StockNews.com assumed coverage on shares of SemiLEDs (NASDAQ:LEDS) in a report issued on Monday. The brokerage set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Trading Up 0.7 %

Shares of SemiLEDs stock opened at $1.43 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.34 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $1.29 and a 200-day simple moving average of $1.30. The stock has a market cap of $10.31 million, a price-to-earnings ratio of -3.86 and a beta of 1.08. SemiLEDs has a 12-month low of $0.92 and a 12-month high of $2.29.

Institutional Trading of 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) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned 5.23% of SemiLEDs as of its most recent SEC filing. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

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.