SunEdison Semiconductor Ltd. (SEMI) Trading Down 3.3%
SunEdison Semiconductor Ltd. (NASDAQ:SEMI) dropped 3.3% during mid-day trading on Tuesday . The company traded as low as $5.01 and last traded at $6.14, with a volume of 90,818 shares changing hands. The stock had previously closed at $6.35.
Separately, Zacks Investment Research raised shares of SunEdison Semiconductor from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 11th. One 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. The company currently has a consensus rating of “Hold” and an average price target of $6.46.
The stock’s 50 day moving average price is $5.78 and its 200 day moving average price is $5.78. The firm’s market cap is $257.39 million.
A hedge fund recently raised its stake in SunEdison Semiconductor stock. Royce & Associates LLC increased its stake in shares of SunEdison Semiconductor Ltd. (NASDAQ:SEMI) by 13.5% during the fourth quarter, according to its most recent 13F filing with the 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 at the end of the most recent reporting period.
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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