SunEdison Semiconductor Ltd. (NASDAQ:SEMI) shares shot up 5.6% during mid-day trading on Thursday . The stock traded as high as $7.78 and last traded at $7.76, with a volume of 104,532 shares traded. The stock had previously closed at $7.35.

Several brokerages recently issued reports on SEMI. Zacks Investment Research downgraded shares of SunEdison Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday. Citigroup Inc. upped their target price on shares of SunEdison Semiconductor from $4.00 to $5.50 and gave the company a “sell” rating in a research report on Friday, August 5th. Finally, Summit Redstone restated a “buy” rating on shares of SunEdison Semiconductor in a research report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.86.

The company’s 50 day moving average price is $6.26 and its 200 day moving average price is $5.85. The company’s market capitalization is $330.90 million.

SunEdison Semiconductor (NASDAQ:SEMI) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($1.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.49) by $0.66. During the same quarter in the prior year, the firm earned ($0.37) EPS. The company earned $190.90 million during the quarter, compared to the consensus estimate of $189.23 million. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. Equities analysts predict that SunEdison Semiconductor Ltd. will post ($3.90) earnings per share for the current year.

A hedge fund recently raised its stake in SunEdison Semiconductor stock. Royce & Associates LLC increased its position in SunEdison Semiconductor Ltd. (NASDAQ:SEMI) by 13.5% during the fourth quarter, according to its most recent filing with the 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 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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