SemiLEDs (NASDAQ:LEDS) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of SemiLEDs (NASDAQ:LEDS) in a report published on Friday. The firm issued a sell rating on the semiconductor company’s stock.

SemiLEDs Stock Up 1.8 %

LEDS opened at $1.48 on Friday. The stock has a fifty day moving average of $1.26 and a 200-day moving average of $1.31. The company has a market capitalization of $10.65 million, a P/E ratio of -3.99 and a beta of 1.06. SemiLEDs has a fifty-two week low of $0.92 and a fifty-two week high of $2.29. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.34 and a current ratio of 0.85.

Institutional Investors Weigh In On SemiLEDs

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC acquired a new position in shares of SemiLEDs Co. (NASDAQ:LEDS) during the third quarter, according to the company in its most recent 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 5.23% of SemiLEDs at the end of the most recent reporting period. 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.