SunEdison Semiconductor Ltd. (SEMI) Shares Up 5.6%
Shares of SunEdison Semiconductor Ltd. (NASDAQ:SEMI) shot up 5.6% during trading on Thursday . The company traded as high as $7.78 and last traded at $7.76, with a volume of 104,532 shares trading hands. The stock had previously closed at $7.35.
A number of brokerages recently commented on SEMI. Zacks Investment Research raised SunEdison Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Citigroup Inc. boosted their target price on SunEdison Semiconductor from $4.00 to $5.50 and gave the company a “sell” rating in a research report on Friday, August 5th. Finally, Summit Redstone reaffirmed a “buy” rating on shares of SunEdison Semiconductor in a research report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $6.86.
The company’s market capitalization is $337.68 million. The stock’s 50-day moving average price is $6.36 and its 200-day moving average price is $5.88.
SunEdison Semiconductor (NASDAQ:SEMI) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($1.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.49) by $0.66. During the same period last year, the firm posted ($0.37) EPS. The business had revenue of $190.90 million for the quarter, compared to analyst estimates of $189.23 million. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. Analysts expect that SunEdison Semiconductor Ltd. will post ($4.70) earnings per share for the current fiscal year.
An institutional investor recently raised its position in SunEdison Semiconductor stock. Royce & Associates LLC boosted its position in SunEdison Semiconductor Ltd. (NASDAQ:SEMI) by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 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.