SunEdison Semiconductor Ltd. (SEMI) Sees Large Volume Increase
SunEdison Semiconductor Ltd. (NASDAQ:SEMI) shares saw unusually-high trading volume on Friday . Approximately 1,553,565 shares traded hands during trading, a decline of 10% from the previous session’s volume of 1,728,487 shares.The stock last traded at $11.48 and had previously closed at $11.51.
SEMI has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of SunEdison Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Summit Redstone reiterated a “buy” rating on shares of SunEdison Semiconductor in a research report on Wednesday, July 27th. Citigroup Inc. upped their price objective on shares of SunEdison Semiconductor from $4.00 to $5.50 and gave the stock a “sell” rating in a research report on Friday, August 5th. Credit Agricole SA upgraded shares of SunEdison Semiconductor from a “sell” rating to a “neutral” rating in a research report on Thursday. Finally, Wells Fargo & Co. cut shares of SunEdison Semiconductor from an “outperform” rating to a “market perform” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. SunEdison Semiconductor currently has an average rating of “Hold” and an average target price of $8.16.
The firm’s market cap is $486.40 million. The firm has a 50 day moving average price of $6.91 and a 200-day moving average price of $6.01.
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 analysts’ consensus estimates of ($0.49) by $0.66. The business had revenue of $190.90 million for the quarter, compared to analysts’ expectations of $189.23 million. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.37) EPS. On average, equities research analysts predict that SunEdison Semiconductor Ltd. will post ($4.70) earnings per share for the current fiscal 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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