One of last week’s biggest movers was SemiLEDs (NASDAQ: LEDS), and thanks to this surge, plenty of investors have been searching ‘how to buy SemiLEDs stock?’
So, we thought it would be helpful to write an article explaining how to get involved. All you have to do is scroll down to find out the best places to buy SemiLEDs shares, our SemiLEDs price prediction and why the company is skyrocketing in value.
Where to buy SemiLEDs stock online
If you want to invest in SemiLEDs, we recommend using a low-fee stockbroker. These are platforms that allow you to invest in a wide variety of instruments and control your portfolio from a simple website interface and/or mobile device.
However, not all online brokers are equal; some are much easier to use and have superior customer support. So, here are our analysts picks of the best places to buy LEDS stock right now:
CedarFX is an eco-conscious broker offering 0% commission trading on 170+ assets, including Forex, Cryptocurrency Pairs, Stocks, Indices and Commodities. With up to 1:500 leverage, no-fee transactions and low spreads, traders can make the most of their funds. CedarFX also offers an Eco Account option to support tree planting and sustainability projects.
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro users can connect with, learn from, and copy or get copied by other users. Buying stocks on eToro is free and you can invest with as little as $50.
What is SemiLEDs?
Founded in 2005 and headquartered in Chunan, Taiwan, it is a corporation that develops, manufactures and sells ‘ultra-high brightness LED chips with state of the art fabrication facilities.’ It is widely regarded as an innovative semiconductor stock.
The company’s products also include LED components, modules, and systems. LEDS’ consumers are spread internationally, including countries such as the United States, the Netherlands, Germany, Japan and Ireland.
SemiLEDs’ products are primarily used for general lighting applications, and this includes residential, commercial and industrial purposes. Additionally, certain speciality applications exist such as UV, curing of polymers, counterfeit detection and LED light therapy for medical and cosmetic applications could offer further use cases and growth opportunities.
Why is SemiLEDs’ share price on the up?
LEDS’ stock price is mainly on the rise because of mounting speculation that the global semiconductor shortage will lead to support from federal and state governments for companies that can help plug the deficit.
Should I buy LEDS stock today?
If you believe in the company’s credentials, management team, and the long term solidity of the semiconductor industry, it is definitely worth investigating matters further.
Just make sure you don’t jump into an investment without necessary caution and due diligence, because this can quickly result in losses. Always do your own research.
LEDS price prediction
The consensus of analysts is that the median SemiLEDs price target for the next 12 months is $30, a marked rise on its current value. While there are likely to be pullbacks along the way, the company looks well positioned for long-term growth.