SunEdison Semiconductor Ltd. (SEMI) Shares Gap Up to $8.28
SunEdison Semiconductor Ltd. (NASDAQ:SEMI) gapped up before the market opened on Thursday . The stock had previously closed at $5.56, but opened at $8.28. SunEdison Semiconductor shares last traded at $11.47, with a volume of 21,323,093 shares traded.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research raised SunEdison Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Deutsche Bank AG downgraded SunEdison Semiconductor from a “buy” rating to a “hold” rating in a report on Friday. Wells Fargo & Co. downgraded SunEdison Semiconductor from an “outperform” rating to a “market perform” rating in a report on Thursday. Citigroup Inc. lifted their price target on SunEdison Semiconductor from $4.00 to $5.50 and gave the company a “sell” rating in a report on Friday, August 5th. Finally, Summit Redstone reiterated a “buy” rating on shares of SunEdison Semiconductor in a report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.16.
The company’s 50-day moving average price is $6.91 and its 200 day moving average price is $6.01. The stock’s market cap is $486.40 million.
SunEdison Semiconductor (NASDAQ:SEMI) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($1.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.49) by $0.66. The business earned $190.90 million during the quarter, compared to analysts’ expectations of $189.23 million. The business’s revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.37) EPS. Analysts forecast that SunEdison Semiconductor Ltd. will post ($4.70) EPS 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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