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Thursday, May 7, 2015

Sunedison Semiconductor (SEMI) Releases Earnings Results, Hits Estimates

May 07:

Sunedison Semiconductor (NASDAQ:SEMI) released its earnings data on Thursday. The company reported ($0.22) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.22), Stock Ratings Network.com reports. The company had revenue of $199.00 million for the quarter, compared to the consensus estimate of $202.10 million. During the same quarter in the prior year, the company posted ($0.35) earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis.
A number of research firms have recently commented on SEMI. Analysts at Citigroup Inc. upgraded shares of Sunedison Semiconductor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $23.50 to $33.50 in a research note on Wednesday, April 1st. On the ratings front, analysts at Summit Research initiated coverage on shares of Sunedison Semiconductor in a research note on Friday, March 20th. They set a “buy” rating and a $30.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $28.83.
Sunedison Semiconductor (NASDAQ:SEMI) traded up 0.97% on Thursday, hitting $22.87. The stock had a trading volume of 47,702 shares. Sunedison Semiconductor has a one year low of $14.00 and a one year high of $27.93. The stock has a 50-day moving average of $24. and a 200-day moving average of $20.. The company’s market cap is $949.24 million.
SunEdison Semiconductor, Inc is engaged in the development, manufacture and sale of silicon wafers to the semiconductor industry. The Company’s products include polished, epitaxial (NASDAQ:SEMI), silicon on insulator (SOI), perfect silicon and magic denuded zone (MDZ) wafers ranging in diameter from 100 millimeter (mm) to 300 mm.
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Source: http://www.tickerreport.com/banking-finance/508210/sunedison-semiconductor-semi-releases-earnings-results-hits-estimates/?

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