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

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

SemiLEDs Stock Up 0.6 %

Shares of NASDAQ LEDS opened at $1.56 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.35 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average is $1.52 and its two-hundred day moving average is $1.41. SemiLEDs has a 52-week low of $1.01 and a 52-week high of $3.47.

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

Institutional Trading of SemiLEDs

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new stake in shares of SemiLEDs in the 3rd quarter worth about $29,000. Millennium Management LLC increased its holdings in shares of SemiLEDs by 113.8% in the 4th quarter. Millennium Management LLC now owns 29,441 shares of the semiconductor company’s stock worth $47,000 after buying an additional 15,668 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of SemiLEDs in the 1st quarter worth about $59,000. 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.