SemiLEDs (NASDAQ:LEDS) Coverage Initiated by Analysts at

Stock analysts at started coverage on shares of SemiLEDs (NASDAQ:LEDSGet Free Report) in a report issued on Tuesday. The firm set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Stock Up 37.3 %

NASDAQ:LEDS opened at $1.73 on Tuesday. The company has a market cap of $8.60 million, a price-to-earnings ratio of -3.09 and a beta of 1.05. SemiLEDs has a twelve month low of $1.01 and a twelve month high of $3.47. The company has a current ratio of 0.74, a quick ratio of 0.35 and a debt-to-equity ratio of 1.65. The stock has a fifty day simple moving average of $1.39 and a 200-day simple moving average of $1.57.

SemiLEDs (NASDAQ:LEDSGet Free Report) last announced its quarterly earnings data on Friday, January 12th. The semiconductor company reported ($0.12) earnings per share for the quarter. The company had revenue of $1.65 million for the quarter. SemiLEDs had a negative net margin of 46.78% and a negative return on equity of 166.93%.

Institutional Trading of SemiLEDs

Hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC bought a new stake in shares of SemiLEDs in the 2nd quarter valued at about $59,000. Bank of America Corp DE purchased a new position in SemiLEDs during the first quarter valued at approximately $59,000. Finally, Citadel Advisors LLC bought a new position in SemiLEDs in the third quarter worth approximately $29,000. 0.65% of the stock is owned by hedge funds and other institutional investors.

SemiLEDs Company Profile

(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, 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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