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

Investment analysts at StockNews.com began coverage on shares of SemiLEDs (NASDAQ:LEDS) in a note issued to investors on Saturday. The brokerage set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Stock Performance

NASDAQ LEDS opened at $1.32 on Friday. The stock has a market capitalization of $9.52 million, a price-to-earnings ratio of -3.57 and a beta of 1.06. The stock has a 50-day moving average of $1.27 and a 200 day moving average of $1.31. The company has a current ratio of 0.85, a quick ratio of 0.34 and a debt-to-equity ratio of 0.39. SemiLEDs has a twelve month low of $0.92 and a twelve month high of $2.29.

Institutional Investors 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 shares of SemiLEDs Co. (NASDAQ:LEDS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned approximately 5.23% of SemiLEDs as of its most recent SEC filing. Institutional investors and hedge funds own 76.29% of the company’s stock.

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.