Ameriprise Financial Inc. raised its position in shares of SunEdison Semiconductor Ltd. (NASDAQ:SEMI) by 75.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,112,169 shares of the company’s stock after buying an additional 479,139 shares during the period. Ameriprise Financial Inc. owned approximately 2.65% of SunEdison Semiconductor worth $6,595,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of SEMI. Royce & Associates LP boosted its position in SunEdison Semiconductor by 18.5% in the second quarter. Royce & Associates LP now owns 1,358,197 shares of the company’s stock valued at $8,054,000 after buying an additional 212,349 shares during the last quarter. Oxford Asset Management increased its stake in SunEdison Semiconductor by 45.6% in the second quarter. Oxford Asset Management now owns 134,681 shares of the company’s stock worth $799,000 after buying an additional 42,190 shares in the last quarter. Ecofin Ltd. increased its stake in SunEdison Semiconductor by 9.1% in the second quarter. Ecofin Ltd. now owns 1,756,246 shares of the company’s stock worth $10,415,000 after buying an additional 146,608 shares in the last quarter. Bank of New York Mellon Corp increased its stake in SunEdison Semiconductor by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 77,953 shares of the company’s stock worth $462,000 after buying an additional 3,037 shares in the last quarter. Finally, Smith Asset Management Group LP purchased a new stake in SunEdison Semiconductor during the second quarter worth $489,000. Institutional investors and hedge funds own 69.29% of the company’s stock.
SunEdison Semiconductor Ltd. (NASDAQ:SEMI) traded down 0.09% on Monday, reaching $11.57. The company had a trading volume of 151,606 shares. The stock’s 50-day moving average price is $11.46 and its 200-day moving average price is $7.36. SunEdison Semiconductor Ltd. has a 12-month low of $3.24 and a 12-month high of $11.71. The stock’s market capitalization is $490.21 million.
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 the consensus estimate of ($0.49) by $0.66. SunEdison Semiconductor had a negative net margin of 37.30% and a negative return on equity of 24.46%. The business had revenue of $190.90 million for the quarter, compared to analysts’ expectations of $189.23 million. During the same period in the prior year, the business earned ($0.37) earnings per share. The company’s revenue for the quarter was down 7.8% compared to the same quarter last year. On average, equities research analysts anticipate that SunEdison Semiconductor Ltd. will post ($4.72) EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on the company. Deutsche Bank AG downgraded SunEdison Semiconductor from a “buy” rating to a “hold” rating in a report on Friday, August 19th. Summit Redstone downgraded SunEdison Semiconductor from a “buy” rating to a “hold” rating in a report on Thursday, August 18th. Zacks Investment Research raised SunEdison Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th. Credit Agricole SA raised SunEdison Semiconductor from a “sell” rating to a “neutral” rating in a report on Thursday, August 18th. Finally, Wells Fargo & Co. downgraded SunEdison Semiconductor from an “outperform” rating to a “market perform” rating in a report on Thursday, August 18th. Nine research analysts have rated the stock with a hold rating, SunEdison Semiconductor presently has an average rating of “Hold” and an average price target of $8.16.
About SunEdison Semiconductor
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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