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

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

SemiLEDs Stock Up 0.7 %

NASDAQ LEDS opened at $1.50 on Thursday. The business has a 50 day moving average price of $1.39 and a 200 day moving average price of $1.34. SemiLEDs has a 1-year low of $0.92 and a 1-year high of $2.48. The company has a quick ratio of 0.25, a current ratio of 0.77 and a debt-to-equity ratio of 0.47.

SemiLEDs (NASDAQ:LEDS) last announced its quarterly earnings results on Friday, January 10th. The semiconductor company reported ($0.08) earnings per share 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

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

About SemiLEDs

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.