According to Zacks, “SunEdison Semiconductor, Ltd. engages in manufacturing and selling of silicon wafers and products related to the semiconductor industry. The Company primarily sells its products to semiconductor manufacturers, including integrated device manufacturers and pure-play semiconductor foundries, as well as wafer customization companies. It provides polished wafers for memory, analog, radio frequency (RF) devices, digital signal processors, and power devices applications; EPI wafers; and SOI wafers. SunEdison Semiconductor Ltd. is headquartered in St. Peters, Missouri. “
Several other brokerages have also recently weighed in on SEMI. Summit Redstone restated a buy rating on shares of SunEdison Semiconductor in a research note on Wednesday, July 27th. Citigroup Inc. raised their price objective on SunEdison Semiconductor from $4.00 to $5.50 and gave the company a sell rating in a research note on Friday, August 5th. Wells Fargo & Co. cut SunEdison Semiconductor from an outperform rating to a market perform rating in a research note on Thursday, August 18th. Credit Agricole SA upgraded SunEdison Semiconductor from a sell rating to a neutral rating in a research note on Thursday, August 18th. Finally, Deutsche Bank AG cut SunEdison Semiconductor from a buy rating to a hold rating in a research note on Friday, August 19th. Nine analysts have rated the stock with a hold rating, The stock presently has an average rating of Hold and a consensus price target of $8.16.
Shares of SunEdison Semiconductor (NASDAQ:SEMI) traded up 1.33% on Wednesday, reaching $11.40. 204,432 shares of the company were exchanged. SunEdison Semiconductor has a 12 month low of $3.24 and a 12 month high of $11.82. The company’s 50-day moving average price is $10.85 and its 200 day moving average price is $7.12. The company’s market cap is $483.01 million.
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. SunEdison Semiconductor had a negative net margin of 37.30% and a negative return on equity of 24.46%. The business earned $190.90 million during the quarter, compared to analyst estimates of $189.23 million. During the same period in the previous year, the business posted ($0.37) EPS. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. On average, equities research analysts expect that SunEdison Semiconductor will post ($4.72) EPS for the current year.
Several large investors have recently added to or reduced their stakes in SEMI. Ameriprise Financial Inc. boosted its stake in SunEdison Semiconductor by 75.7% in the second quarter. Ameriprise Financial Inc. now owns 1,112,169 shares of the company’s stock worth $6,595,000 after buying an additional 479,139 shares during the last quarter. Royce & Associates LP boosted its stake in SunEdison Semiconductor by 18.5% in the second quarter. Royce & Associates LP now owns 1,358,197 shares of the company’s stock worth $8,054,000 after buying an additional 212,349 shares during the last quarter. Ecofin Ltd. boosted 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 during the last quarter. Bogle Investment Management L P DE boosted its stake in SunEdison Semiconductor by 70.6% in the first quarter. Bogle Investment Management L P DE now owns 276,711 shares of the company’s stock worth $1,793,000 after buying an additional 114,549 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in SunEdison Semiconductor by 6.4% in the second quarter. Vanguard Group Inc. now owns 1,560,823 shares of the company’s stock worth $9,255,000 after buying an additional 93,615 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.
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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