SunEdison Semiconductor Ltd. (SEMI) Trading Up 1.6%
Shares of SunEdison Semiconductor Ltd. (NASDAQ:SEMI) were up 1.6% on Wednesday . The stock traded as high as $8.68 and last traded at $8.31, with a volume of 141,797 shares changing hands. The stock had previously closed at $8.18.
Several analysts have weighed in on SEMI shares. Summit Redstone reissued a “buy” rating on shares of SunEdison Semiconductor in a report on Wednesday, July 27th. Zacks Investment Research raised SunEdison Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Finally, Citigroup Inc. increased their price objective on SunEdison Semiconductor from $4.00 to $5.50 and gave the company a “sell” rating in a research note on Friday, August 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.86.
The company’s 50 day moving average price is $6.51 and its 200-day moving average price is $5.91. The company’s market cap is $350.82 million.
SunEdison Semiconductor (NASDAQ:SEMI) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($1.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.49) by $0.66. The company earned $190.90 million during the quarter, compared to analyst estimates of $189.23 million. During the same period in the prior year, the company earned ($0.37) EPS. SunEdison Semiconductor’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, equities research analysts expect that SunEdison Semiconductor Ltd. will post ($4.70) EPS for the current year.
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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