Begins Coverage on SemiLEDs (NASDAQ:LEDS) initiated coverage on shares of SemiLEDs (NASDAQ:LEDSFree Report) in a report published on Friday. The brokerage issued a sell rating on the semiconductor company’s stock.

SemiLEDs Price Performance

Shares of LEDS opened at $1.04 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.44 and a debt-to-equity ratio of 0.74. The stock has a market cap of $5.12 million, a P/E ratio of -1.89 and a beta of 1.15. The stock’s 50-day moving average price is $1.51 and its two-hundred day moving average price is $2.00. SemiLEDs has a 1 year low of $1.01 and a 1 year high of $3.47.

SemiLEDs (NASDAQ:LEDSGet Free Report) last issued its quarterly earnings data on Friday, November 10th. The semiconductor company reported ($0.18) earnings per share (EPS) for the quarter. The business had revenue of $1.45 million during the quarter. SemiLEDs had a negative net margin of 44.99% and a negative return on equity of 103.90%.

Institutional Investors Weigh In On SemiLEDs

Several large investors have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new stake in SemiLEDs in the third quarter valued at approximately $29,000. Millennium Management LLC lifted its holdings in SemiLEDs by 113.8% during the 4th quarter. Millennium Management LLC now owns 29,441 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 15,668 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in SemiLEDs in the 1st quarter valued at about $59,000. Institutional investors and hedge funds own 0.65% of the company’s stock.

About SemiLEDs

(Get Free Report)

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.

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