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

StockNews.com assumed coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research note published on Sunday. The firm issued a sell rating on the semiconductor company’s stock.

SemiLEDs Stock Performance

Shares of SemiLEDs stock opened at $1.28 on Friday. The firm has a market cap of $9.23 million, a PE ratio of -3.46 and a beta of 1.06. The company has a quick ratio of 0.34, a current ratio of 0.85 and a debt-to-equity ratio of 0.39. SemiLEDs has a 52 week low of $0.92 and a 52 week high of $2.29. The business’s fifty day simple moving average is $1.28 and its 200-day simple moving average is $1.30.

Institutional Investors Weigh In On SemiLEDs

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC bought a new stake in SemiLEDs Co. (NASDAQ:LEDS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned 5.23% of SemiLEDs as of its most recent SEC filing. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

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.