SemiLEDs (NASDAQ:LEDS) Research Coverage Started at StockNews.com

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

SemiLEDs Price Performance

Shares of LEDS stock opened at $2.11 on Wednesday. SemiLEDs has a 12-month low of $0.92 and a 12-month high of $2.48. The firm has a market capitalization of $15.22 million, a price-to-earnings ratio of -6.39 and a beta of 1.18. The company has a quick ratio of 0.25, a current ratio of 0.77 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average of $1.68 and a 200-day moving average of $1.42.

SemiLEDs (NASDAQ:LEDS) last announced its quarterly earnings results 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%.

Institutional Investors Weigh In On SemiLEDs

An institutional investor recently raised its position in SemiLEDs stock. Renaissance Technologies LLC grew its holdings in shares of SemiLEDs Co. (NASDAQ:LEDS) by 212.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,716 shares of the semiconductor company’s stock after buying an additional 27,016 shares during the quarter. Renaissance Technologies LLC owned approximately 0.55% of SemiLEDs worth $51,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

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.