Garden State Investment Advisory Services LLC Buys New Shares in SemiLEDs Co. (NASDAQ:LEDS)

Garden State Investment Advisory Services LLC purchased a new stake in shares of SemiLEDs Co. (NASDAQ:LEDS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned 5.24% of SemiLEDs as of its most recent SEC filing.

SemiLEDs Trading Up 0.8 %

Shares of SemiLEDs stock opened at $1.29 on Monday. SemiLEDs Co. has a 52-week low of $0.92 and a 52-week high of $2.29. The firm has a market capitalization of $9.29 million, a PE ratio of -3.49 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.94 and a quick ratio of 0.40. The company’s fifty day moving average price is $1.23 and its two-hundred day moving average price is $1.32.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on SemiLEDs in a report on Wednesday, November 27th. They set a “sell” rating on the 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.