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

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

SemiLEDs Price Performance

NASDAQ LEDS opened at $1.62 on Monday. SemiLEDs has a 52 week low of $0.92 and a 52 week high of $2.48. The firm has a market capitalization of $11.67 million, a P/E ratio of -4.90 and a beta of 1.09. The company has a quick ratio of 0.25, a current ratio of 0.77 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $1.56 and a 200-day moving average price of $1.38.

SemiLEDs (NASDAQ:LEDS) last released its quarterly earnings results on Friday, January 10th. The semiconductor company reported ($0.08) EPS for the quarter. SemiLEDs had a negative net margin of 41.41% and a negative return on equity of 81.97%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SemiLEDs stock. Renaissance Technologies LLC lifted its stake in shares of SemiLEDs Co. (NASDAQ:LEDS) by 212.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,716 shares of the semiconductor company’s stock after acquiring an additional 27,016 shares during the quarter. Renaissance Technologies LLC owned approximately 0.55% of SemiLEDs worth $51,000 at the end of the most recent reporting period. 76.29% of the stock is currently owned by institutional investors.

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.