SunEdison Semiconductor Ltd. (NASDAQ:SEMI)’s share price was down 4.8% during trading on Wednesday . The stock traded as low as $7.34 and last traded at $7.35, with a volume of 446,709 shares. The stock had previously closed at $7.72.

Several equities analysts have recently commented on SEMI shares. Zacks Investment Research upgraded shares of SunEdison Semiconductor from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 11th. Summit Redstone restated a “buy” rating on shares of SunEdison Semiconductor in a report on Wednesday, July 27th. Finally, Citigroup Inc. upped their price objective on shares of SunEdison Semiconductor from $4.00 to $5.50 and gave the stock a “sell” rating in a report on Friday, August 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. SunEdison Semiconductor has a consensus rating of “Hold” and a consensus target price of $6.86.

The firm’s market cap is $311.41 million. The stock has a 50 day moving average price of $6.26 and a 200-day moving average price of $5.85.

SunEdison Semiconductor (NASDAQ:SEMI) last announced its 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 business had revenue of $190.90 million for the quarter, compared to the consensus estimate of $189.23 million. The company’s revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.37) EPS. Equities research analysts predict that SunEdison Semiconductor Ltd. will post ($4.13) earnings per share for the current year.

An institutional investor recently raised its position 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 disclosure with the SEC. 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 about 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.

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