SemiLEDS Corporation (LEDS) : Traders are bullish on SemiLEDS Corporation (LEDS) as it has outperformed the S&P 500 by a wide margin of 12.87% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 25.45%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 25.52% in the last 1 week, and is up 14.04% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 16.02% and the 50-Day Moving Average is 66.65%. SemiLEDS Corporation (NASDAQ:LEDS): stock turned positive on Friday. Though the stock opened at $7.32, the bulls momentum made the stock top out at $7.74 level for the day. The stock recorded a low of $7.06 and closed the trading day at $7.23, in the green by 3.88%. The total traded volume for the day was 745,008. The stock had closed at $6.96 in the previous days trading.
The company Insiders own 48.4% of SemiLEDS Corporation shares according to the proxy statements. Institutional Investors own 17.78% of SemiLEDS Corporation shares.
SemiLEDs Corporation, a Taiwan-based holding company. The Company develops manufactures and sells light emitting diodes (LED) chips and LED components. The Companys products are primarily for general lighting applications, including street lights and commercial, industrial and residential lighting. The Companys core products are LED chips and LED components, as well as lighting products. The Companys sells blue, green and UV LED chips under its MvpLED brand and also sells Enhanced Vertical, LED product series in blue, green and UV. The Companys customers are primarily original design manufacturers, of lighting products and the end-users of lighting devices. The Companys packaging process includes chip bonding, wire bonding, phosphor coating, encapsulation, scribing, dicing and testing. SemiLEDs Optoelectronics Co., Ltd. A subsidiary located in Hsinchu, Taiwan where a substantial portion of research, development, manufacturing, marketing and sales activities take place.