Price Action Report: Is Sunedison Semiconductor Ltd a Buy? The Stock Reaches 52-Week High Today

Price Action Report: Is Sunedison Semiconductor Ltd a Buy? The Stock Reaches 52 Week High Today

The stock of Sunedison Semiconductor Ltd (NASDAQ:SEMI) hit a new 52-week high and has $19.72 target or 66.00% above today’s $11.88 share price. The 6 months bullish chart indicates low risk for the $502.48M company. The 1-year high was reported on Oct, 31 by Barchart.com. If the $19.72 price target is reached, the company will be worth $331.64M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.05 million shares traded hands or 398.34% up from the average. Sunedison Semiconductor Ltd (NASDAQ:SEMI) has risen 86.01% since March 29, 2016 and is uptrending. It has outperformed by 82.54% the S&P500.

Analysts await Sunedison Semiconductor Ltd (NASDAQ:SEMI) to report earnings on November, 14. They expect $-0.46 earnings per share, up 50.00% or $0.46 from last year’s $-0.92 per share. After $-0.80 actual earnings per share reported by Sunedison Semiconductor Ltd for the previous quarter, Wall Street now forecasts -42.50% EPS growth.

Sunedison Semiconductor Ltd (NASDAQ:SEMI) Ratings Coverage

Out of 4 analysts covering SunEdison Semiconductor (NASDAQ:SEMI), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. SunEdison Semiconductor has been the topic of 5 analyst reports since November 11, 2015 according to StockzIntelligence Inc. The rating was downgraded by Macquarie Research on Thursday, March 10 to “Neutral”. The stock of Sunedison Semiconductor Ltd (NASDAQ:SEMI) has “Sell” rating given on Wednesday, February 3 by Goldman Sachs. The stock has “Sell” rating given by Citigroup on Thursday, February 11. On Wednesday, November 11 the stock rating was maintained by Deutsche Bank with “Buy”. The firm earned “Neutral” rating on Thursday, August 18 by Citigroup.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 0.9 in 2016 Q2. Its down 0.01, from 0.91 in 2016Q1. The ratio is negative, as 10 funds sold all Sunedison Semiconductor Ltd shares owned while 20 reduced positions. 6 funds bought stakes while 21 increased positions. They now own 27.77 million shares or 11.19% less from 31.27 million shares in 2016Q1.
Citigroup Inc last reported 0% of its portfolio in the stock. Ecofin Ltd accumulated 1.76M shares or 2.04% of the stock. Smith Asset Mgmt Gp L P has invested 0.01% of its portfolio in Sunedison Semiconductor Ltd (NASDAQ:SEMI). Moreover, Ameriprise Fincl has 0% invested in Sunedison Semiconductor Ltd (NASDAQ:SEMI) for 1.11M shares. Bancorp Of New York Mellon holds 0% or 77,953 shares in its portfolio. Blackrock Fund Advisors accumulated 0% or 11,525 shares. Bogle L P De last reported 0.08% of its portfolio in the stock. Tower Research Capital Ltd Com (Trc), a New York-based fund reported 251 shares. Morgan Stanley holds 0% of its portfolio in Sunedison Semiconductor Ltd (NASDAQ:SEMI) for 6,626 shares. Baupost Grp Limited Liability Company Ma has 0.67% invested in the company for 8.37M shares. The New York-based Spark Invest Mngmt Ltd Llc has invested 0.05% in Sunedison Semiconductor Ltd (NASDAQ:SEMI). Blackrock Institutional Tru Company Na owns 333,386 shares or 0% of their US portfolio. Fuller Thaler Asset Management has 0.08% invested in the company for 814,740 shares. The New York-based Alliancebernstein L P has invested 0.01% in Sunedison Semiconductor Ltd (NASDAQ:SEMI). Blackrock Gp Ltd has 12,947 shares for 0% of their US portfolio.

More notable recent Sunedison Semiconductor Ltd (NASDAQ:SEMI) news were published by: Stltoday.com which released: “Sale of SunEdison Semiconductor clears key regulatory review” on October 31, 2016, also Globenewswire.com with their article: “GlobalWafers and SunEdison Semiconductor Announce Definitive Agreement” published on August 18, 2016, Bizjournals.com published: “SunEdison Semiconductor to explore sale” on February 18, 2016. More interesting news about Sunedison Semiconductor Ltd (NASDAQ:SEMI) were released by: Prnewswire.com and their article: “Tech Stocks on Investors’ Radar — Micron Technology, SunEdison Semiconductor …” published on October 28, 2016 as well as Natlawreview.com‘s news article titled: “CFIUS Upcoming/New Filing: GlobalWafers Co., Ltd. and SunEdison Semiconductor …” with publication date: September 26, 2016.

SEMI Company Profile

SunEdison Semiconductor Limited, incorporated on December 20, 2013, is engaged in the development, manufacture and sale of silicon wafers to the semiconductor industry. The Firm also develops advanced substrates, such as epitaxial (EPI) wafers and wafers for the silicon-on-insulator (SOI) market, which enable computing and communications applications. The Company’s products include polished wafers, EPI wafers and SOI wafers. The Firm sells its products to the semiconductor manufacturers around the world, including integrated device manufacturers, pure-play semiconductor foundries and companies that specialize in wafer customization. The Firm operates facilities in semiconductor manufacturing regions throughout the world, including Taiwan, Malaysia, South Korea, Italy, Japan, and the United States.

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