SunEdison Semiconductor Ltd. (SEMI) Stock Price Up 5.1%
SunEdison Semiconductor Ltd. (NASDAQ:SEMI) shares rose 5.1% during trading on Thursday . The stock traded as high as $6.00 and last traded at $5.93, with a volume of 56,711 shares traded. The stock had previously closed at $5.64.
Separately, Zacks Investment Research cut shares of SunEdison Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, March 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.46.
The company has a 50-day moving average of $5.64 and a 200 day moving average of $5.88. The stock’s market capitalization is $249.83 million.
An institutional investor recently raised its position in SunEdison Semiconductor stock. Royce & Associates LLC raised its position in shares of SunEdison Semiconductor Ltd. (NASDAQ:SEMI) by 13.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 952,694 shares of the company’s stock after buying an additional 113,380 shares during the period. Royce & Associates LLC owned 2.27% of SunEdison Semiconductor worth $7,469,000 at the end of the most recent reporting period.
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.