Revenue Update on Sunedison Semiconductor Ltd(NASDAQ:SEMI)

Sunedison Semiconductor Ltd(NASDAQ:SEMI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $190.90M. Analysts estimated a revenue of $189.23M. Earnings per share were $-0.84. Analysts had estimated an EPS of $-0.46.

Sunedison Semiconductor Ltd (SEMI) made into the market gainers list on Fridays trading session with the shares advancing 2.05% or 0.16 points. Due to strong positive momentum, the stock ended at $7.97, which is also near the day’s high of $8.19. The stock began the session at $7.8 and the volume stood at 2,41,473 shares. The 52-week high of the shares is $13.87 and the 52 week low is $3.24. The company has a current market capitalization of $338 M and it has 4,23,69,354 shares in outstanding.

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.

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