SunEdison Semiconductor Ltd. (SEMI) Trading Up 4.5%
SunEdison Semiconductor Ltd. (NASDAQ:SEMI) was up 4.5% on Wednesday . The company traded as high as $6.32 and last traded at $6.31, with a volume of 95,217 shares traded. The stock had previously closed at $6.04.
Separately, Zacks Investment Research upgraded SunEdison Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.46.
The stock’s market cap is $266.62 million. The firm’s 50 day moving average is $5.67 and its 200-day moving average is $5.83.
A hedge fund recently raised its stake in SunEdison Semiconductor stock. Royce & Associates LLC boosted its position in shares of SunEdison Semiconductor Ltd. (NASDAQ:SEMI) by 13.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 952,694 shares of the company’s stock after buying an additional 113,380 shares during the period. Royce & Associates LLC owned approximately 2.27% of SunEdison Semiconductor worth $7,469,000 as of its most recent SEC filing.
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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