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

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 Stock Performance

Shares of LEDS stock opened at $2.07 on Wednesday. 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 firm has a fifty day moving average price of $1.66 and a 200 day moving average price of $1.41. The company has a market cap of $14.93 million, a P/E ratio of -6.27 and a beta of 1.18. SemiLEDs has a 12 month low of $0.92 and a 12 month high of $2.48.

SemiLEDs (NASDAQ:LEDS) last released its quarterly earnings data 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%.

Hedge Funds Weigh In On SemiLEDs

A hedge fund recently raised its stake in SemiLEDs stock. Renaissance Technologies LLC raised its stake in SemiLEDs Co. (NASDAQ:LEDS) by 212.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,716 shares of the semiconductor company’s stock after acquiring an additional 27,016 shares during the period. Renaissance Technologies LLC owned 0.55% of SemiLEDs worth $51,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.