SemiLEDs (NASDAQ:LEDS) Now Covered by Analysts at Wall Street Zen

Wall Street Zen initiated coverage on shares of SemiLEDs (NASDAQ:LEDS) in a report released on Thursday morning. The firm issued a sell rating on the semiconductor company’s stock.

SemiLEDs Trading Up 1.3%

NASDAQ:LEDS opened at $2.43 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.25 and a current ratio of 0.77. The firm has a market cap of $19.93 million, a price-to-earnings ratio of -7.36 and a beta of 1.00. SemiLEDs has a 52 week low of $0.92 and a 52 week high of $3.00. The firm has a 50-day moving average price of $2.24 and a two-hundred day moving average price of $1.74.

SemiLEDs (NASDAQ:LEDS) last posted its quarterly earnings data on Thursday, April 10th. The semiconductor company reported $0.05 EPS for the quarter. The firm had revenue of $10.87 million during the quarter. SemiLEDs had a negative net margin of 41.41% and a negative return on equity of 81.97%.

Institutional Investors Weigh In On SemiLEDs

A hedge fund recently raised its stake in SemiLEDs stock. Renaissance Technologies LLC lifted its stake in shares of SemiLEDs Co. (NASDAQ:LEDS) by 212.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,716 shares of the semiconductor company’s stock after purchasing an additional 27,016 shares during the period. Renaissance Technologies LLC owned 0.55% of SemiLEDs worth $51,000 at the end of the most recent quarter. 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.