Brokerage firm Citigroup Upgrades its rating on Sunedison Semiconductor Ltd(NASDAQ:SEMI). In a research note issued to the investors, the brokerage major Raises the price-target to $12.00 per share. The shares have been rated Neutral. Previously, the analysts had a Sell rating on the shares. The rating by Citigroup was issued on Aug 18, 2016.
In a different note, On Aug 5, 2016, Citigroup said it Maintains its rating on Sunedison Semiconductor Ltd. In the research note, the firm Raises the price-target to $4.00 per share. The shares have been rated ‘Sell’ by the firm.
Sunedison Semiconductor Ltd (SEMI) shares turned negative on Mondays trading session with the shares closing down -0.04 points or -0.35% at a volume of 10,68,651. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.46. The peak price level was also seen at $11.46 while the days lowest was $11.4. Finally the shares closed at $11.41. The 52-week high of the shares is $12.98 while the 52-week low is $3.24. According to the latest information available, the market cap of the company is $483 M.
Sunedison Semiconductor Ltd(SEMI) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $190.90M. Analysts had an estimated revenue of $189.23M. Earnings per share were $-0.84. Analysts had estimated an EPS of $-0.46.
Several Insider Transactions has been reported to the SEC. On Aug 24, 2015, Michael F. Bartholomeusz (director) sold 12,025 shares at $12.31 per share price.Also, On Aug 18, 2015, Shaker Sadasivam (CEO) purchased 26,792 shares at $13.14 per share price.On Aug 18, 2015, John Anthony Kauffmann (VP-Global Sales) purchased 4,000 shares at $13.11 per share price, according to the Form-4 filing with the securities and exchange commission.
SunEdison Semiconductor Limited is engaged in the development manufacture and sale of silicon wafers. The Company also develops advanced substrates such as epitaxial (EPI) wafers and wafers for the silicon-on-insulator (SOI) market. It also sells intermediate products such as polysilicon ingots and scrap wafers to semiconductor device and equipment makers. It has approximately 1500 products in its portfolio. It offers wafers with a variety of features and in varying sizes flatness characteristics crystal properties and electrical properties. Its wafers range in size from around 100 millimeters to 300 millimeters. It also manufactures a limited number of around 450 millimeters mechanical wafers that are used by semiconductor equipment manufacturers for development of process equipment. It sells its products to the semiconductor manufacturers including integrated device manufacturers and pure-play semiconductor foundries and companies that specialize in wafer customization.