SunEdison Semiconductor Ltd. (SEMI) Stock Price Up 0.8%

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SunEdison Semiconductor Ltd. (NASDAQ:SEMI) rose 0.8% during trading on Friday . The stock traded as high as $11.60 and last traded at $11.58, with a volume of 1,313,533 shares. The stock had previously closed at $11.49.
SEMI has been the topic of several analyst reports. Citigroup Inc. boosted their price target on shares of SunEdison Semiconductor from $4.00 to $5.50 and gave the stock a “sell” rating in a research report on Friday, August 5th. Zacks Investment Research cut shares of SunEdison Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Deutsche Bank AG cut shares of SunEdison Semiconductor from a “buy” rating to a “hold” rating in a research report on Friday, August 19th. Summit Redstone reissued a “buy” rating on shares of SunEdison Semiconductor in a research report on Wednesday, July 27th. Finally, 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. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $8.16.
The stock’s 50 day moving average price is $9.08 and its 200 day moving average price is $6.69. The stock’s market cap is $490.63 million.

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SunEdison Semiconductor (NASDAQ:SEMI) last announced its 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. SunEdison Semiconductor had a negative return on equity of 24.46% and a negative net margin of 37.30%. 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 business earned ($0.37) EPS. SunEdison Semiconductor’s quarterly revenue was down 7.8% on a year-over-year basis. Equities analysts predict that SunEdison Semiconductor Ltd. will post ($4.72) earnings per share for the current year.
SunEdison Semiconductor Company Profile
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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