Investors Buy Shares of SunEdison Semiconductor Ltd. (SEMI) on Weakness
Investors purchased shares of SunEdison Semiconductor Ltd. (NASDAQ:SEMI) on weakness during trading 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
A number of research firms have recently weighed in on SEMI. Deutsche Bank AG lowered shares of SunEdison Semiconductor from a “buy” rating to a “hold” rating in a report on Friday, August 19th. Summit Redstone lowered shares of SunEdison Semiconductor from a “buy” rating to a “hold” rating in a report on Thursday, August 18th. Credit Agricole SA raised shares of SunEdison Semiconductor from a “sell” rating to a “neutral” rating in a research note on Thursday, August 18th. Wells Fargo & Co. downgraded shares of SunEdison Semiconductor from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 18th. Finally, Citigroup Inc. raised shares of SunEdison Semiconductor from a “sell” rating to a “neutral” rating and increased their price target for the stock from $5.50 to $12.00 in a research note on Thursday, August 18th. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $8.16.
The firm’s market capitalization is $485.13 million. The firm’s 50-day moving average price is $7.67 and its 200 day moving average price is $6.24.
SunEdison Semiconductor (NASDAQ:SEMI) last posted 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 firm had revenue of $190.90 million for the quarter, compared to analysts’ expectations of $189.23 million. The firm’s revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.37) EPS. On average, analysts expect that SunEdison Semiconductor Ltd. will post ($4.72) 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.