SemiLEDs (NASDAQ:LEDS) Releases Quarterly Earnings Results

SemiLEDs (NASDAQ:LEDS) announced its earnings results on Friday. The semiconductor company reported ($0.18) EPS for the quarter, RTT News reports. The company had revenue of $1.45 million for the quarter. SemiLEDs had a negative return on equity of 103.90% and a negative net margin of 44.99%.

SemiLEDs Stock Down 5.6 %

NASDAQ LEDS opened at $1.10 on Monday. SemiLEDs has a 1-year low of $1.05 and a 1-year high of $3.47. The company has a current ratio of 0.87, a quick ratio of 0.44 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average of $1.60 and a 200-day moving average of $2.03.

Hedge Funds Weigh In On SemiLEDs

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new stake in shares of SemiLEDs during the 3rd quarter worth $29,000. Millennium Management LLC lifted its position in SemiLEDs by 113.8% during the fourth quarter. Millennium Management LLC now owns 29,441 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 15,668 shares during the period. Finally, Bank of America Corp DE acquired a new stake in SemiLEDs during the first quarter worth about $59,000. 0.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of SemiLEDs in a report on Thursday. They set a “sell” rating for the company.

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, China, 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.