SemiLEDs (NASDAQ:LEDS) Now Covered by Analysts at StockNews.com

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

SemiLEDs Price Performance

Shares of SemiLEDs stock opened at $1.04 on Friday. The firm has a market cap of $5.12 million, a PE ratio of -1.89 and a beta of 1.15. SemiLEDs has a twelve month low of $1.01 and a twelve month high of $3.47. The business has a 50-day moving average price of $1.51 and a 200 day moving average price of $2.00. The company has a quick ratio of 0.44, a current ratio of 0.87 and a debt-to-equity ratio of 0.74.

SemiLEDs (NASDAQ:LEDS) last posted its quarterly earnings data on Friday, November 10th. The semiconductor company reported ($0.18) earnings per share for the quarter. 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%.

Institutional Investors Weigh In On SemiLEDs

A number of hedge funds have recently modified their holdings of the business. Citadel Advisors LLC purchased a new stake in SemiLEDs in the 3rd quarter valued at $29,000. Millennium Management LLC boosted its holdings in SemiLEDs by 113.8% in the 4th quarter. Millennium Management LLC now owns 29,441 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 15,668 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of SemiLEDs during the 1st quarter worth approximately $59,000. 0.65% of the stock is currently owned by institutional investors and hedge funds.

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, 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.