SunEdison Semiconductor Ltd. (SEMI) Sees Large Volume Increase
Shares of SunEdison Semiconductor Ltd. (NASDAQ:SEMI) saw unusually-high trading volume on Friday . Approximately 1,553,565 shares traded hands during mid-day 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 recent analyst reports. Citigroup Inc. upped their price objective on SunEdison Semiconductor from $4.00 to $5.50 and gave the stock a “sell” rating in a research note on Friday, August 5th. Zacks Investment Research raised SunEdison Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 11th. Summit Redstone reaffirmed a “buy” rating on shares of SunEdison Semiconductor in a research note on Wednesday, July 27th. Deutsche Bank AG lowered SunEdison Semiconductor from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Wells Fargo & Co. lowered SunEdison Semiconductor from an “outperform” rating to a “market perform” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $8.16.
The stock’s market capitalization is $486.40 million. The company’s 50-day moving average price is $6.91 and its 200 day moving average price is $6.01.
SunEdison Semiconductor (NASDAQ:SEMI) last issued its earnings results 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 the consensus estimate of $189.23 million. SunEdison Semiconductor’s revenue was down 7.8% compared to the same quarter last year. During the same period last year, the business earned ($0.37) EPS. On average, equities research analysts anticipate that SunEdison Semiconductor Ltd. will post ($4.72) 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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