SunEdison Semiconductor Ltd. (SEMI) Trading Up 3.6%
SunEdison Semiconductor Ltd. (NASDAQ:SEMI)’s share price was up 3.6% during trading on Thursday . The company traded as high as $6.70 and last traded at $6.68, with a volume of 368,429 shares. The stock had previously closed at $6.45.
A number of equities analysts recently commented on SEMI shares. Zacks Investment Research raised SunEdison Semiconductor from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 11th. Summit Redstone reaffirmed a “buy” rating on shares of SunEdison Semiconductor in a report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. SunEdison Semiconductor has a consensus rating of “Hold” and a consensus price target of $6.46.
The company’s 50 day moving average price is $6.05 and its 200-day moving average price is $5.78. The firm’s market cap is $290.98 million.
SunEdison Semiconductor (NASDAQ:SEMI) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($1.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.49) by $0.66. The firm earned $190.90 million during the quarter, compared to analyst estimates of $189.23 million. The company’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.37) earnings per share. Equities analysts predict that SunEdison Semiconductor Ltd. will post ($4.13) EPS for the current year.
A hedge fund recently raised its stake in SunEdison Semiconductor stock. Royce & Associates LLC raised its position in SunEdison Semiconductor Ltd. (NASDAQ:SEMI) by 13.5% during the fourth quarter, according to its most recent 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 approximately 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.