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 Tuesday morning. The firm issued a sell rating on the semiconductor company’s stock.

SemiLEDs Price Performance

NASDAQ LEDS opened at $1.74 on Tuesday. The stock has a 50-day simple moving average of $1.61 and a 200 day simple moving average of $1.39. SemiLEDs has a twelve month low of $0.92 and a twelve month high of $2.48. The stock has a market capitalization of $12.55 million, a PE ratio of -5.27 and a beta of 1.18. 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 issued its quarterly earnings results on Friday, January 10th. The semiconductor company reported ($0.08) EPS for the quarter. SemiLEDs had a negative return on equity of 81.97% and a negative net margin of 41.41%.

Hedge Funds Weigh In On SemiLEDs

An institutional investor recently raised its position in SemiLEDs stock. Renaissance Technologies LLC lifted its position in SemiLEDs Co. (NASDAQ:LEDS) by 212.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,716 shares of the semiconductor company’s stock after purchasing an additional 27,016 shares during the quarter. Renaissance Technologies LLC owned 0.55% of SemiLEDs worth $51,000 at the end of the most recent reporting period. 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.