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

Stock analysts at StockNews.com initiated coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research report issued to clients and investors on Wednesday. The firm set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Price Performance

Shares of NASDAQ LEDS opened at $1.65 on Wednesday. The company has a 50 day simple moving average of $1.36 and a two-hundred day simple moving average of $1.33. SemiLEDs has a fifty-two week low of $0.92 and a fifty-two week high of $2.48. The company has a market capitalization of $11.90 million, a price-to-earnings ratio of -5.00 and a beta of 1.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.25 and a current ratio of 0.77.

SemiLEDs (NASDAQ:LEDS) last posted 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 return on equity of 81.97% and a negative net margin of 41.41%.

Institutional Investors Weigh In On SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC bought a new position in SemiLEDs Co. (NASDAQ:LEDS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned approximately 5.23% of SemiLEDs at the end of the most recent quarter. Hedge funds and other institutional investors 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.