StockNews.com Begins Coverage on SemiLEDs (NASDAQ:LEDS)

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

SemiLEDs Stock Up 1.9 %

Shares of LEDS opened at $2.11 on Wednesday. SemiLEDs has a 52 week low of $0.92 and a 52 week high of $2.48. The firm has a market cap of $15.22 million, a P/E ratio of -6.39 and a beta of 1.18. The firm’s 50-day simple moving average is $1.68 and its 200 day simple moving average is $1.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.25 and a current ratio of 0.77.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SemiLEDs stock. Renaissance Technologies LLC lifted its position in shares of SemiLEDs Co. (NASDAQ:LEDS) by 212.7% in the fourth quarter, according to the company in its most recent 13F 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 period. Renaissance Technologies LLC owned approximately 0.55% of SemiLEDs worth $51,000 as of its most recent filing with the Securities and Exchange Commission. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

About SemiLEDs

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.