Price Don’t Lie: What’s Propelling Sunedison Semiconductor Ltd to Reach 52-Week High?

Price Don't Lie: What's Propelling Sunedison Semiconductor Ltd to Reach 52 Week High?

The stock of Sunedison Semiconductor Ltd (NASDAQ:SEMI) hit a new 52-week high and has $29.71 target or 157.00% above today’s $11.56 share price. The 9 months bullish chart indicates low risk for the $488.31 million company. The 1-year high was reported on Oct, 10 by If the $29.71 price target is reached, the company will be worth $766.65 million 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 144,035 shares traded hands. Sunedison Semiconductor Ltd (NASDAQ:SEMI) has risen 52.77% since March 7, 2016 and is uptrending. It has outperformed by 45.18% 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 stock of Sunedison Semiconductor Ltd (NASDAQ:SEMI) earned “Neutral” rating by Citigroup on Thursday, August 18. Deutsche Bank maintained Sunedison Semiconductor Ltd (NASDAQ:SEMI) rating on Wednesday, November 11. Deutsche Bank has “Buy” rating and $14 price target. The stock of Sunedison Semiconductor Ltd (NASDAQ:SEMI) has “Sell” rating given on Thursday, February 11 by Citigroup. The firm has “Neutral” rating given on Thursday, March 10 by Macquarie Research. The stock of Sunedison Semiconductor Ltd (NASDAQ:SEMI) has “Sell” rating given on Wednesday, February 3 by Goldman Sachs.

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 turned 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.
Connor Clark And Lunn Inv Mngmt, a British Columbia – Canada-based fund reported 160,400 shares. Fuller And Thaler Asset, a California-based fund reported 814,740 shares. Bogle Investment Mngmt L P De holds 187,063 shares or 0.08% of its portfolio. Jpmorgan Chase & Co has 1,492 shares for 0% of their US portfolio. Wells Fargo Mn accumulated 0% or 10,822 shares. The Switzerland-based Credit Suisse Ag has invested 0% in Sunedison Semiconductor Ltd (NASDAQ:SEMI). Sei holds 0.01% of its portfolio in Sunedison Semiconductor Ltd (NASDAQ:SEMI) for 243,381 shares. Wellington Mgmt Gru Llp reported 3.73 million shares or 0.01% of all its holdings. Sessa Cap Im Lp reported 1.06M shares or 1.88% of all its holdings. Parametric Port Llc has 0% invested in the company for 184,183 shares. Schneider Cap Mgmt accumulated 2.01% or 1.81M shares. Airain Ltd has invested 0% of its portfolio in Sunedison Semiconductor Ltd (NASDAQ:SEMI). Walleye Trading Ltd Liability Corporation last reported 200 shares in the company. Ecofin holds 1.76 million shares or 2.04% of its portfolio. Blackrock holds 3,192 shares or 0% of its portfolio.

More recent Sunedison Semiconductor Ltd (NASDAQ:SEMI) news were published by: which released: “SunEdison Semiconductor Ltd. Stock Soars 40% — Here’s Why” on August 18, 2016. Also published the news titled: “SunEdison Semiconductor to explore sale” on February 18, 2016.‘s news article titled: “SunEdison Semiconductor posts wider Q1 loss” with publication date: May 10, 2016 was also an interesting one.

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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