SunEdison Semiconductor Ltd. (SEMI) Sees Large Volume Increase
SunEdison Semiconductor Ltd. (NASDAQ:SEMI) shares saw an uptick in trading volume on Tuesday . 161,940 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 139,243 shares.The stock last traded at $6.49 and had previously closed at $6.50.
A number of brokerages have issued reports on SEMI. Summit Redstone reaffirmed a “buy” rating on shares of SunEdison Semiconductor in a research report on Wednesday, July 27th. Zacks Investment Research raised SunEdison Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $6.46.
The stock’s 50 day moving average is $6.00 and its 200-day moving average is $5.77. The stock’s market cap is $272.92 million.
An institutional investor recently raised its position in SunEdison Semiconductor stock. Royce & Associates LLC increased its position in shares of SunEdison Semiconductor Ltd. (NASDAQ:SEMI) by 13.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 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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