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

Investment analysts at StockNews.com started coverage on shares of SemiLEDs (NASDAQ:LEDS) in a research report issued on Friday. The brokerage set a “sell” rating on the semiconductor company’s stock.

SemiLEDs Price Performance

LEDS opened at $1.45 on Friday. The stock’s 50-day moving average price is $1.25 and its 200 day moving average price is $1.31. SemiLEDs has a 12-month low of $0.92 and a 12-month high of $2.29. The firm has a market cap of $10.46 million, a price-to-earnings ratio of -3.92 and a beta of 1.06. The company has a current ratio of 0.85, a quick ratio of 0.34 and a debt-to-equity ratio of 0.39.

Institutional Investors Weigh In On SemiLEDs

A hedge fund recently bought a new stake in SemiLEDs stock. Garden State Investment Advisory Services LLC acquired a new position in shares of SemiLEDs Co. (NASDAQ:LEDS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 377,201 shares of the semiconductor company’s stock, valued at approximately $443,000. Garden State Investment Advisory Services LLC owned 5.23% of SemiLEDs at the end of the most recent quarter. Institutional investors 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.