Traders Buy Shares of SunEdison Semiconductor Ltd. (SEMI) on Weakness
Traders purchased shares of SunEdison Semiconductor Ltd. (NASDAQ:SEMI) on weakness during trading hours on Thursday. $12.87 million flowed into the stock on the tick-up and $2.32 million flowed out of the stock on the tick-down, for a money net flow of $10.55 million into the stock. Of all companies tracked, SunEdison Semiconductor had the 17th highest net in-flow for the day. SunEdison Semiconductor traded down ($0.03) for the day and closed at $11.48
Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of SunEdison Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Deutsche Bank AG downgraded shares of SunEdison Semiconductor from a “buy” rating to a “hold” rating in a research report on Friday, August 19th. Wells Fargo & Co. downgraded shares of SunEdison Semiconductor from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 18th. Citigroup Inc. raised 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. Finally, Summit Redstone downgraded shares of SunEdison Semiconductor from a “buy” rating to a “hold” rating in a research report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $8.16.
The firm’s market capitalization is $486.40 million. The firm’s 50 day moving average price is $7.51 and its 200-day moving average price is $6.19.
SunEdison Semiconductor (NASDAQ:SEMI) last posted its earnings results on Wednesday, August 3rd. The company reported ($1.15) EPS for the quarter, missing the consensus estimate of ($0.49) by $0.66. The firm had revenue of $190.90 million for the quarter, compared to the consensus estimate of $189.23 million. During the same period in the previous year, the firm posted ($0.37) earnings per share. SunEdison Semiconductor’s quarterly revenue was down 7.8% compared to the same quarter last year. Analysts predict 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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