SunEdison Semiconductor Ltd. (NASDAQ:SEMI) rose 3.6% during trading on Thursday . The stock traded as high as $6.70 and last traded at $6.68, with a volume of 368,429 shares trading hands. The stock had previously closed at $6.45.

SEMI has been the topic of several analyst reports. Summit Redstone restated a “buy” rating on shares of SunEdison Semiconductor in a research note on Wednesday, July 27th. Zacks Investment Research upgraded shares of SunEdison Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Finally, Citigroup Inc. raised their price objective on shares of SunEdison Semiconductor from $4.00 to $5.50 and gave the company a “sell” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $6.86.

The firm has a 50 day moving average price of $6.14 and a 200 day moving average price of $5.80. The firm’s market capitalization is $297.28 million.

SunEdison Semiconductor (NASDAQ:SEMI) last issued its earnings results on Wednesday, August 3rd. The company reported ($1.15) earnings per share for the quarter, missing the consensus estimate of ($0.49) by $0.66. During the same quarter in the prior year, the business posted ($0.37) EPS. The firm had revenue of $190.90 million for the quarter, compared to analyst estimates of $189.23 million. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. On average, equities analysts predict that SunEdison Semiconductor Ltd. will post ($4.13) EPS for the current fiscal year.

A hedge fund recently raised its stake in SunEdison Semiconductor stock. Royce & Associates LLC raised its stake 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 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 about 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.

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