SemiLEDs (NASDAQ:LEDS) Coverage Initiated at

Research analysts at started coverage on shares of SemiLEDs (NASDAQ:LEDSGet Rating) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the semiconductor company’s stock.

Shares of NASDAQ LEDS opened at $2.78 on Wednesday. The firm has a fifty day simple moving average of $2.75 and a two-hundred day simple moving average of $3.50. SemiLEDs has a 12 month low of $2.05 and a 12 month high of $22.20. The company has a current ratio of 1.02, a quick ratio of 0.57 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $12.55 million, a PE ratio of -4.63 and a beta of 1.10.

SemiLEDs (NASDAQ:LEDSGet Rating) last released its quarterly earnings results on Thursday, April 7th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter. SemiLEDs had a negative return on equity of 71.27% and a negative net margin of 40.13%. The company had revenue of $2.18 million during the quarter.

Institutional investors and hedge funds have recently modified their holdings of the company. Centiva Capital LP bought a new position in SemiLEDs during the 3rd quarter valued at approximately $632,000. Bank of America Corp DE purchased a new stake in shares of SemiLEDs in the first quarter worth $59,000. Finally, GSA Capital Partners LLP purchased a new position in shares of SemiLEDs in the 4th quarter worth about $57,000. 4.63% of the stock is currently owned by hedge funds and other institutional investors.

About SemiLEDs (Get Rating)

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, Ireland, 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 packages and sells its LED chips into LED components to distributors.

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