SemiLEDs (NASDAQ:LEDS) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of SemiLEDs (NASDAQ:LEDS) in a report released on Wednesday morning. The brokerage issued a sell rating on the semiconductor company’s stock.

SemiLEDs Stock Performance

Shares of LEDS opened at $2.08 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.25 and a current ratio of 0.77. The stock has a 50 day moving average price of $1.65 and a two-hundred day moving average price of $1.41. The firm has a market capitalization of $15.00 million, a P/E ratio of -6.30 and a beta of 1.18. SemiLEDs has a 52 week low of $0.92 and a 52 week high of $2.48.

SemiLEDs (NASDAQ:LEDS) last issued its quarterly earnings data on Friday, January 10th. The semiconductor company reported ($0.08) EPS for the quarter. SemiLEDs had a negative return on equity of 81.97% and a negative net margin of 41.41%.

Institutional Trading of SemiLEDs

An institutional investor recently raised its position in SemiLEDs stock. Renaissance Technologies LLC lifted its holdings in SemiLEDs Co. (NASDAQ:LEDS) by 212.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,716 shares of the semiconductor company’s stock after buying an additional 27,016 shares during the period. Renaissance Technologies LLC owned approximately 0.55% of SemiLEDs worth $51,000 at the end of the most recent reporting period. 76.29% of the stock is owned by institutional investors and hedge funds.

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.