Published on 13 May 2021 on Entrepreneur via Yahoo Finance
Is SemiLEDS a Winning Chip Stock?
Shares of SemiLEDs (LEDS), a Taiwan-based semiconductor manufacturer, have been rallying on the rising prices of semiconductors amid a global chip shortage. However, given that the company is still not profitable, will it be able to survive and thrive in the competitive landscape? Let’s find out.
Based in Chunan, Taiwan, SemiLEDs Corporation. (LEDS) is a manufacturer and seller of light emitting diode (LED) chips, LED components, and LED modules. The stock has gained 305.5% over the past year and 79.4% over the past month as exponential growth in demand for semiconductors from several industries and limited supply continue to propel companies in this space.
However, the stock is currently trading at $8.70, 35.3% below its $13.44 52-week high.