SunEdison Semiconductor Ltd. (SEMI) Trading 5.1% Higher
SunEdison Semiconductor Ltd. (NASDAQ:SEMI) traded up 5.1% during trading on Thursday . The stock traded as high as $6.00 and last traded at $5.93, with a volume of 56,711 shares changing hands. The stock had previously closed at $5.64.
Several equities research analysts have recently issued reports on the stock. Macquarie lowered shares of SunEdison Semiconductor from an “outperform” rating to a “neutral” rating and set a $7.50 target price on the stock. in a research note on Thursday, March 10th. Deutsche Bank AG increased their target price on shares of SunEdison Semiconductor to $10.00 in a research note on Thursday, March 10th. Summit Research reissued a “hold” rating and set a $7.50 target price (down from $10.00) on shares of SunEdison Semiconductor in a research note on Wednesday, March 9th. Finally, Zacks Investment Research lowered shares of SunEdison Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, March 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.46.
The company’s market capitalization is $249.41 million. The firm has a 50-day moving average of $5.55 and a 200-day moving average of $5.89.
An institutional investor recently raised its position in SunEdison Semiconductor stock. Royce & Associates LLC raised its position in shares of SunEdison Semiconductor Ltd. (NASDAQ:SEMI) by 13.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 952,694 shares of the company’s stock after buying an additional 113,380 shares during the period. Royce & Associates LLC owned 2.27% of SunEdison Semiconductor worth $7,469,000 at the end of the most recent quarter.
SunEdison Semiconductor Limited is engaged in the development, manufacture and sale of silicon wafers to the semiconductor industry. The Company also develops advanced substrates, such as epitaxial (EPI) wafers and wafers for the silicon-on-insulator (SOI) market, which enable computing and communications applications.
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