SunEdison Semiconductor Ltd. (SEMI) Sees Strong Trading Volume
Shares of SunEdison Semiconductor Ltd. (NASDAQ:SEMI) saw strong trading volume on Tuesday . 211,281 shares were traded during mid-day trading, a decline of 2% from the previous session’s volume of 215,768 shares.The stock last traded at $6.04 and had previously closed at $5.94.
Separately, Zacks Investment Research upgraded shares of SunEdison Semiconductor from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $6.46.
The stock’s 50 day moving average is $5.67 and its 200 day moving average is $5.83. The firm’s market capitalization is $253.61 million.
A hedge fund recently raised its stake in SunEdison Semiconductor stock. Royce & Associates LLC raised its stake in SunEdison Semiconductor Ltd. (NASDAQ:SEMI) by 13.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 952,694 shares of the company’s stock after buying an additional 113,380 shares during the period. Royce & Associates LLC owned approximately 2.27% of SunEdison Semiconductor worth $7,469,000 as of its most recent filing with the SEC.
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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