StockNews.com Initiates Coverage on SemiLEDs (NASDAQ:LEDS)

Investment analysts at StockNews.com began coverage on shares of SemiLEDs (NASDAQ:LEDS) in a note issued to investors on Wednesday. The firm set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Stock Down 3.1 %

LEDS opened at $1.55 on Wednesday. The company has a market cap of $7.70 million, a P/E ratio of -2.77 and a beta of 1.07. SemiLEDs has a 12 month low of $1.01 and a 12 month high of $3.47. The business’s 50-day moving average price is $1.52 and its 200-day moving average price is $1.42. The company has a current ratio of 0.97, a quick ratio of 0.35 and a debt-to-equity ratio of 0.36.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC purchased a new stake in SemiLEDs in the 3rd quarter worth approximately $29,000. Millennium Management LLC increased its stake in shares of SemiLEDs by 113.8% during the fourth quarter. Millennium Management LLC now owns 29,441 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 15,668 shares during the period. Finally, Bank of America Corp DE purchased a new stake in SemiLEDs in the first quarter worth $59,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

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, 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.