SunEdison Semiconductor Ltd. (SEMI) Sees Large Volume Increase
SunEdison Semiconductor Ltd. (NASDAQ:SEMI) saw an uptick in trading volume on Thursday . 1,972,010 shares traded hands during trading, a decline of 11% from the previous session’s volume of 2,222,483 shares.The stock last traded at $11.49 and had previously closed at $11.51.
SEMI has been the topic of a number of analyst reports. Wells Fargo & Co. lowered shares of SunEdison Semiconductor from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 18th. Credit Agricole SA upgraded shares of SunEdison Semiconductor from a “sell” rating to a “neutral” rating in a research report on Thursday, August 18th. Citigroup Inc. upgraded shares of SunEdison Semiconductor from a “sell” rating to a “neutral” rating and raised their target price for the stock from $5.50 to $12.00 in a research report on Thursday, August 18th. Summit Redstone restated a “buy” rating on shares of SunEdison Semiconductor in a research report on Wednesday, July 27th. Finally, Zacks Investment Research upgraded shares of SunEdison Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. SunEdison Semiconductor has an average rating of “Hold” and an average price target of $8.16.
The company’s market cap is $486.40 million. The firm’s 50-day moving average price is $7.51 and its 200 day moving average price is $6.19.
SunEdison Semiconductor (NASDAQ:SEMI) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($1.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.49) by $0.66. The firm had revenue of $190.90 million for the quarter, compared to the consensus estimate of $189.23 million. During the same period in the prior year, the company posted ($0.37) earnings per share. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. Equities research analysts expect that SunEdison Semiconductor Ltd. will post ($4.72) earnings per share 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.