Shares of SunEdison Semiconductor Limited (SEMI) Sees Large Outflow of Money

SunEdison Semiconductor Limited (SEMI): The stock had negative money flow to the tune of ($6.23 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $0.56 million, whereas, the outflow of money on downticks was $6.79 million and the ratio between the two was 0.08. The block trade had a negative net money flow of ($6.06 million). On the other hand, downticks amounted to $6.06 million of the traded value, which shows distribution in the stock by traders. SunEdison Semiconductor Limited (SEMI) closed with marginal gains of 4 cents to end the day at $11.45, an increase of 0.35% over the previous days close. The stock recorded 0% for the week.


Also, Equity analysts at the Brokerage firm Citigroup upgrades its rating on SunEdison Semiconductor Limited (NASDAQ:SEMI). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Sell by the brokerage firm. The Analysts at Citigroup raises the price target from $5.5 per share to $12 per share. The rating by the firm was issued on August 18, 2016.

SunEdison Semiconductor Limited has dropped 0.17% in the last five trading days, however, the shares have posted positive gains of 76.15% in the last 4 weeks. SunEdison Semiconductor Limited is up 116.04% in the last 3-month period. Year-to-Date the stock performance stands at 46.05%.

SunEdison Semiconductor Limited (NASDAQ:SEMI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.43 and $11.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.45, notching a gain of 0.35% for the day. The total traded volume was 991,305 . The stock had closed at $11.41 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Bartholomeusz Michael F., director of Sunedison Semiconductor Ltd, had unloaded 12,025 shares at an average price of $12.31 in a transaction dated on August 20, 2015. The total value of the transaction was worth $148,028.

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 1,500 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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