The stock of Sunedison Semiconductor Ltd (NASDAQ:SEMI) hit a new 52-week high and has $15.50 target or 30.00% above today’s $11.92 share price. The 9 months bullish chart indicates low risk for the $505.04 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $15.50 price target is reached, the company will be worth $151.51M 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 543,252 shares traded hands. Sunedison Semiconductor Ltd (NASDAQ:SEMI) has risen 102.71% since April 5, 2016 and is uptrending. It has outperformed by 100.76% the S&P500.
Analysts await Sunedison Semiconductor Ltd (NASDAQ:SEMI) to report earnings on November, 14. They expect $-0.46 EPS, up 50.00% or $0.46 from last year’s $-0.92 per share. After $-0.80 actual EPS 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. $14 is the highest target while $12 is the lowest. The $13 average target is 9.06% above today’s ($11.92) stock price. SunEdison Semiconductor has been the topic of 5 analyst reports since November 11, 2015 according to StockzIntelligence Inc. On Wednesday, February 3 the stock rating was downgraded by Goldman Sachs to “Sell”. The firm has “Buy” rating given on Wednesday, November 11 by Deutsche Bank. The firm has “Neutral” rating given on Thursday, August 18 by Citigroup. The stock of Sunedison Semiconductor Ltd (NASDAQ:SEMI) has “Sell” rating given on Thursday, February 11 by Citigroup. The stock of Sunedison Semiconductor Ltd (NASDAQ:SEMI) earned “Neutral” rating by Macquarie Research on Thursday, March 10.
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 Q2 2016. Its down 0.01, from 0.91 in 2016Q1. The ratio worsened, 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.
Sei owns 243,381 shares or 0.01% of their US portfolio. Blackrock Inc accumulated 0% or 3,192 shares. Baupost Group Llc Ma last reported 0.67% of its portfolio in the stock. Clearline Cap L P has 0.44% invested in the company for 376,017 shares. Manufacturers Life The reported 1,110 shares or 0% of all its holdings. Vanguard Group has 0% invested in the company for 1.56M shares. Fuller And Thaler Asset Inc has 814,740 shares for 0.08% of their US portfolio. Moreover, Morgan Stanley has 0% invested in Sunedison Semiconductor Ltd (NASDAQ:SEMI) for 6,626 shares. Connor Clark Lunn Invest last reported 0.01% of its portfolio in the stock. Moreover, Bank Of New York Mellon has 0% invested in Sunedison Semiconductor Ltd (NASDAQ:SEMI) for 77,953 shares. Geode Mngmt Lc last reported 286,895 shares in the company. Fmr Ltd holds 0% of its portfolio in Sunedison Semiconductor Ltd (NASDAQ:SEMI) for 700,300 shares. Blackrock Institutional Trust Commerce Na accumulated 0% or 333,386 shares. Walleye Trading Ltd Liability Com last reported 200 shares in the company. Renaissance Technologies Lc accumulated 325,300 shares or 0% of the stock.
More notable recent Sunedison Semiconductor Ltd (NASDAQ:SEMI) news were published by: Globenewswire.com which released: “GlobalWafers and SunEdison Semiconductor Announce Receipt of Approval from …” on November 07, 2016, also Bizjournals.com with their article: “SunEdison Semiconductor’s pending sale approved by foreign regulators” published on November 04, 2016, Bizjournals.com published: “SunEdison Semiconductor’s pending sale passes regulatory hurdles” on October 31, 2016. More interesting news about Sunedison Semiconductor Ltd (NASDAQ:SEMI) were released by: Prnewswire.com and their article: “SunEdison Semiconductor (SEMI) Alert: Johnson & Weaver, LLP Launches an …” published on August 18, 2016 as well as Bizjournals.com‘s news article titled: “SunEdison Semiconductor to explore sale” with publication date: February 18, 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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