SemiLEDs (NASDAQ:LEDS) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research report released on Wednesday. The brokerage issued a sell rating on the semiconductor company’s stock.

SemiLEDs Stock Up 0.8 %

Shares of LEDS stock opened at $1.29 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.40 and a debt-to-equity ratio of 0.35. SemiLEDs has a 12 month low of $0.92 and a 12 month high of $2.29. The stock has a market cap of $9.28 million, a P/E ratio of -3.49 and a beta of 1.02. The company has a 50 day simple moving average of $1.23 and a two-hundred day simple moving average of $1.32.

Hedge Funds Weigh In On SemiLEDs

An institutional investor recently bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC bought a new position in SemiLEDs Co. (NASDAQ:LEDS) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned 5.24% of SemiLEDs as of its most recent filing with the SEC. 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.