SunEdison Semiconductor Ltd. (SEMI) Sees Large Volume Increase
SunEdison Semiconductor Ltd. (NASDAQ:SEMI) shares saw strong trading volume on Tuesday . 211,281 shares traded hands 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 SunEdison Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $6.46.
The firm’s market cap is $268.72 million. The stock has a 50-day moving average of $5.69 and a 200-day moving average of $5.83.
A hedge fund recently raised its stake in SunEdison Semiconductor stock. Royce & Associates LLC raised its stake in shares of SunEdison Semiconductor Ltd. (NASDAQ:SEMI) by 13.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.
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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