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

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

SemiLEDs Stock Up 1.3 %

Shares of LEDS opened at $1.60 on Wednesday. SemiLEDs has a 1 year low of $1.01 and a 1 year high of $3.47. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.35 and a current ratio of 0.97. The business has a 50-day moving average of $1.51 and a 200-day moving average of $1.42.

SemiLEDs (NASDAQ:LEDS) last issued its earnings results on Wednesday, April 3rd. The semiconductor company reported ($0.11) earnings per share for the quarter. The business had revenue of $0.89 million during the quarter. SemiLEDs had a negative return on equity of 158.17% and a negative net margin of 49.29%.

Institutional Investors Weigh In On SemiLEDs

Hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC bought a new stake in SemiLEDs in the second quarter worth approximately $59,000. Bank of America Corp DE bought a new stake in shares of SemiLEDs during the first quarter valued at approximately $59,000. Finally, Citadel Advisors LLC bought a new stake in shares of SemiLEDs during the third quarter valued at approximately $29,000. 76.29% of the stock is currently owned by 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.