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

Stock analysts at StockNews.com assumed coverage on shares of SemiLEDs (NASDAQ:LEDS) in a report issued on Thursday. The brokerage set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Trading Down 2.6 %

NASDAQ LEDS opened at $2.29 on Thursday. The stock has a market cap of $16.52 million, a price-to-earnings ratio of -6.94 and a beta of 1.18. SemiLEDs has a twelve month low of $0.92 and a twelve month high of $2.48. 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 firm’s 50 day moving average price is $1.73 and its two-hundred day moving average price is $1.44.

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

Institutional Investors Weigh In On SemiLEDs

An institutional investor recently raised its position in SemiLEDs stock. Renaissance Technologies LLC grew its stake in shares of SemiLEDs Co. (NASDAQ:LEDS) by 212.7% in the fourth quarter, according to its most recent disclosure with the SEC. 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 as of its most recent filing with the SEC. 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.