SunEdison Semiconductor Ltd. (SEMI) Shares Gap Up to $8.28
Shares of SunEdison Semiconductor Ltd. (NASDAQ:SEMI) gapped up before the market opened on Thursday . The stock had previously closed at $5.56, but opened at $8.28. SunEdison Semiconductor shares last traded at $11.47, with a volume of 21,323,093 shares.
Several analysts have 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 reiterated a “buy” rating on shares of SunEdison Semiconductor in a report on Wednesday, July 27th. Citigroup Inc. lifted their price objective on shares of SunEdison Semiconductor from $4.00 to $5.50 and gave the company a “sell” rating in a report on Friday, August 5th. Wells Fargo & Co. downgraded shares of SunEdison Semiconductor from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, Credit Agricole SA upgraded shares of SunEdison Semiconductor from a “sell” rating to a “neutral” rating in a report on Thursday. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $8.16.
The firm has a 50-day moving average price of $6.75 and a 200 day moving average price of $5.97. The stock’s market cap is $487.67 million.
SunEdison Semiconductor (NASDAQ:SEMI) last announced its earnings results on Wednesday, August 3rd. The company reported ($1.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by $0.66. During the same quarter in the previous year, the firm earned ($0.37) EPS. The company earned $190.90 million during the quarter, compared to analyst estimates of $189.23 million. SunEdison Semiconductor’s revenue was down 7.8% compared to the same quarter last year. Analysts anticipate that SunEdison Semiconductor Ltd. will post ($4.70) EPS for the current year.
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.