Schonfeld Strategic Advisors LLC recently announced the acquisition of new stake in SemiLEDs Corporation (NASDAQ:LEDS). The institutional investor has increased its shareholding in the Technology company by 2.70% to 19000.0 shares with purchase of 500.0 shares. This fresh investment now brings its stake to 0.39% valued currently at $30400.0. In addition, Citadel Securities LLC raised its holdings by 12379.0 to 12379.0 shares.
With over 0.16 million SemiLEDs Corporation (LEDS) shares trading Friday and a closing price of $2.16 on the day, the dollar volume was approximately $0.35 million. The shares have shown a negative half year performance of -22.30% and its price on 01/13/23 gained nearly 10.20%. Currently, there are 4.84M common shares owned by the public and among those 3.15M shares have been available to trade.
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Insiders at the company have transacted a total of 3 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 3 of these insider trades were purchases, accounting for 15,000 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
Fidelity Nasdaq Composite Index F owns 4500.0 shares of the company’s stock, all valued at over $7200.0. Carbon Collective Climate Solutio bought 2.0 shares to see its total holdings expand to 84.0 shares valued at over $134.0 and representing 0.00% of the shares outstanding.
However, the script later moved the day high at 2.2000, up 10.20%. The company’s stock has a 5-day price change of 16.66% and -10.74% over the past three months. LEDS shares are trading 35.00% year to date (YTD), with the 12-month market performance down to -49.65% lower. It has a 12-month low price of $1.49 and touched a high of $4.55 over the same period. LEDS has an average intraday trading volume of 19.09K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 22.03%, 0.92%, and -17.97% respectively.
Institutional ownership of SemiLEDs Corporation (NASDAQ: LEDS) shares accounts for 1.30% of the company’s 4.84M shares outstanding. Mutual fund holders own 1.11%, while other institutional holders and individual stakeholders account for 60.77% and 0.10% respectively.
It has a market capitalization of $9.50M and a beta (3y monthly) value of 1.16. The earnings-per-share (ttm) stands at -$0.59. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.28% over the week and 8.48% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. EPS should grow at an annualized rate of 50.00% over the next five years, compared to 12.10% over the past 5-year period.
Looking at the support for the LEDS, a number of firms have released research notes about the stock. Canaccord Genuity stated their Hold rating for the stock in a research note on July 08, 2011, with the firm’s price target at $11-$6. Canaccord Genuity coverage for the SemiLEDs Corporation (LEDS) stock in a research note released on April 13, 2011 offered a Hold rating with a price target of $11. Barclays Capital was of a view on April 06, 2011 that the stock is Equal Weight, while Canaccord Genuity gave the stock Buy rating on January 19, 2011, issuing a price target of $23. Barclays Capital on their part issued Equal Weight rating on January 18, 2011.
