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Citigroup Inc. disclosed Sunedison Semiconductor Ltd (NASDAQ:SEMI), stepping up its price target to $12.00 earlier today

In a statement issued on 8/18/2016 Citigroup Inc. increased the target price of Sunedison Semiconductor Ltd (NASDAQ:SEMI) from $6 to $12 stating a possible upside of 0.04%.

Just yesterday Sunedison Semiconductor Ltd (NASDAQ:SEMI) traded 0.09% lower at $11.50. The company’s 50-day average is $9.83 and its two hundred day average is $6.87. The last stock close is up 66.58% relative to the two hundred day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 329,913 shares of SEMI traded hands, down from ann average volume of 967,873.

Recent Performance Graphic:

Sunedison Semiconductor Ltd (NASDAQ:SEMI)

Sunedison Semiconductor Ltd has a 52 week low of $3.24 and a 52 week high of $12.76 . Sunedison Semiconductor Ltd’s market cap is presently $0.0.

Also covering Sunedison Semiconductor Ltd’s price target, a total of 6 brokerages have released a report on SEMI. The average target stock price is $10.22 with 0 rating the company a strong buy, 0 rating the company a buy, 0 firms rating the stock a hold, 0 rating the company to underperform, and lastly 0 firmsrating the stock as sell.

More About Sunedison Semiconductor Ltd (NASDAQ:SEMI)

SunEdison Semiconductor Limited is engaged in the development, manufacture and sale of silicon wafers to the semiconductor industry. The Company also develops advanced substrates, such as epitaxial (EPI) wafers and wafers for the silicon-on-insulator (SOI) market, which enable computing and communications applications. Its products include polished wafers, EPI wafers and SOI wafers. The Company 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. It operates facilities in semiconductor manufacturing regions throughout the world, including Taiwan, Malaysia, South Korea, Italy, Japan, and the United States. Its wafers are used as the base substrate for the manufacture of various types of semiconductor devices, including microprocessors, memory, analog, mixed-signal and radio frequency (RF) integrated circuits, and discrete and image sensors.

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