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

Research analysts at StockNews.com initiated coverage on shares of SemiLEDs (NASDAQ:LEDS – Get Rating) in a report issued on Sunday. The brokerage set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Price Performance

NASDAQ:LEDS opened at $2.51 on Friday. The business’s 50-day moving average price is $2.21 and its 200 day moving average price is $2.13. The firm has a market cap of $12.27 million, a P/E ratio of -3.75 and a beta of 1.12. SemiLEDs has a 52-week low of $1.49 and a 52-week high of $4.28. The company has a quick ratio of 0.48, a current ratio of 0.93 and a debt-to-equity ratio of 0.61.

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SemiLEDs (NASDAQ:LEDS – Get Rating) last released its earnings results on Wednesday, April 12th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $1.15 million for the quarter. SemiLEDs had a negative return on equity of 97.64% and a negative net margin of 49.66%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LEDS. Citadel Advisors LLC purchased a new position in SemiLEDs in the 3rd quarter worth about $29,000. Millennium Management LLC increased its stake in 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 purchasing an additional 15,668 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in SemiLEDs in the 1st quarter worth about $59,000. 1.20% of the stock is owned by institutional investors and hedge funds.

About SemiLEDs

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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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