SemiLEDs (NASDAQ:LEDS) Coverage Initiated at StockNews.com

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

SemiLEDs Stock Down 0.6 %

SemiLEDs stock opened at $1.57 on Friday. The company has a 50 day moving average of $1.43 and a 200-day moving average of $1.34. The company has a quick ratio of 0.25, a current ratio of 0.77 and a debt-to-equity ratio of 0.47. SemiLEDs has a twelve month low of $0.92 and a twelve month high of $2.48. The stock has a market capitalization of $11.32 million, a PE ratio of -4.76 and a beta of 1.09.

SemiLEDs (NASDAQ:LEDS) last released its quarterly earnings results on Friday, January 10th. The semiconductor company reported ($0.08) earnings per share (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 bought a new position in SemiLEDs stock. Garden State Investment Advisory Services LLC purchased a new stake in shares of SemiLEDs Co. (NASDAQ:LEDS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned about 5.23% of SemiLEDs as of its most recent filing with the Securities and Exchange Commission (SEC). 76.29% of the stock is 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.