SemiLEDs (NASDAQ:LEDS) Posts Quarterly Earnings Results

SemiLEDs (NASDAQ:LEDS) announced its quarterly earnings data on Wednesday. The semiconductor company reported ($0.12) earnings per share for the quarter, reports. The company had revenue of $1.47 million during the quarter. SemiLEDs had a negative net margin of 48.75% and a negative return on equity of 89.28%.

Shares of NASDAQ:LEDS opened at $4.01 on Friday. The business’s 50-day moving average is $5.71 and its 200-day moving average is $8.11. SemiLEDs has a 1 year low of $3.02 and a 1 year high of $31.44. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 0.64.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada bought a new position in shares of SemiLEDs in the second quarter worth $26,000. Two Sigma Investments LP bought a new position in shares of SemiLEDs during the third quarter valued at about $142,000. Schonfeld Strategic Advisors LLC bought a new position in shares of SemiLEDs during the second quarter valued at about $715,000. Finally, Centiva Capital LP bought a new stake in shares of SemiLEDs in the third quarter worth about $632,000. 3.66% of the stock is owned by institutional investors and hedge funds.

About SemiLEDs

SemiLEDs Corp. engages in the development, manufacture, and sale of light emitting diode chips and components. Its products include blue, ultraviolet, green, white, and entertainment LEDs. It offers LED chips, EF flipchip LED series, LED components, UV LED, and lighting products. The firm’s products are used for general lighting applications, including street lights, commercial, industrial, system, and residential lighting.

Further Reading: What is Depreciation?

Earnings History for SemiLEDs (NASDAQ:LEDS)

Receive News & Ratings for SemiLEDs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SemiLEDs and related companies with's FREE daily email newsletter.