SunEdison Semiconductor Ltd. (SEMI) Sees Unusually-High Trading Volume
Shares of SunEdison Semiconductor Ltd. (NASDAQ:SEMI) saw unusually-strong trading volume on Thursday . Approximately 1,972,010 shares changed 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.
A number of analysts have commented on SEMI shares. Summit Redstone reaffirmed a “buy” rating on shares of SunEdison Semiconductor in a research report on Wednesday, July 27th. Zacks Investment Research raised shares of SunEdison Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Deutsche Bank AG cut shares of SunEdison Semiconductor from a “buy” rating to a “hold” rating in a research report on Friday, August 19th. Wells Fargo & Co. cut shares of SunEdison Semiconductor from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 18th. Finally, Credit Agricole SA raised shares of SunEdison Semiconductor from a “sell” rating to a “neutral” rating in a research report on Thursday, August 18th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. SunEdison Semiconductor has a consensus rating of “Hold” and an average target price of $8.16.
The firm’s 50-day moving average is $7.67 and its 200 day moving average is $6.24. The firm’s market cap is $485.13 million.
SunEdison Semiconductor (NASDAQ:SEMI) last issued its earnings results on Wednesday, August 3rd. The company reported ($1.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.49) by $0.66. During the same quarter in the previous year, the firm posted ($0.37) EPS. The company had revenue of $190.90 million for the quarter, compared to the consensus estimate of $189.23 million. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. Equities 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.
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