SunEdison Semiconductor Ltd. (SEMI) Trading 4.5% Higher
Shares of SunEdison Semiconductor Ltd. (NASDAQ:SEMI) traded up 4.5% during mid-day trading on Wednesday . The company traded as high as $6.32 and last traded at $6.31, with a volume of 95,217 shares changing hands. The stock had previously closed at $6.04.
Separately, Zacks Investment Research raised 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 presently has a consensus rating of “Hold” and an average price target of $6.46.
The firm’s market cap is $265.78 million. The firm has a 50-day moving average price of $5.72 and a 200 day moving average price of $5.83.
An institutional investor recently raised its position in SunEdison Semiconductor stock. Royce & Associates LLC raised its position in 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. 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 as of its most recent filing with the SEC.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.