SemiLEDs (NASDAQ:LEDS) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of SemiLEDs (NASDAQ:LEDS) in a report released on Saturday. The brokerage set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Trading Down 7.0 %

Shares of LEDS opened at $1.86 on Friday. 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 stock has a market cap of $13.41 million, a PE ratio of -5.64 and a beta of 0.96. SemiLEDs has a 1 year low of $0.92 and a 1 year high of $2.94. The stock has a 50 day simple moving average of $1.90 and a 200-day simple moving average of $1.53.

SemiLEDs (NASDAQ:LEDS) last announced its quarterly earnings results on Thursday, April 10th. The semiconductor company reported $0.05 earnings per share for the quarter. SemiLEDs had a negative return on equity of 81.97% and a negative net margin of 41.41%. The firm had revenue of $10.87 million for the quarter.

Institutional Investors Weigh In On SemiLEDs

A hedge fund recently raised its stake in SemiLEDs stock. Renaissance Technologies LLC increased its stake in shares of SemiLEDs Co. (NASDAQ:LEDS) by 212.7% during the 4th quarter, according to the company in its most recent 13F 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 period. Renaissance Technologies LLC owned 0.55% of SemiLEDs worth $51,000 at the end of the most recent quarter. 76.29% of the stock is 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.