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

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

SemiLEDs Stock Performance

LEDS opened at $2.33 on Friday. The company has a market cap of $16.80 million, a price-to-earnings ratio of -7.06 and a beta of 1.18. The company’s fifty day moving average price is $1.83 and its two-hundred day moving average price is $1.49. SemiLEDs has a 1-year low of $0.92 and a 1-year high of $2.94. 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 released its quarterly earnings results on Friday, January 10th. The semiconductor company reported ($0.08) earnings per share (EPS) 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 grew its position in shares of SemiLEDs Co. (NASDAQ:LEDS) by 212.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,716 shares of the semiconductor company’s stock after buying an additional 27,016 shares during the quarter. Renaissance Technologies LLC owned 0.55% of SemiLEDs worth $51,000 as of its most recent filing with the Securities & Exchange Commission. 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.