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Sunedison Semiconductor Ltd (NASDAQ:SEMI) has been downgraded to Market Perform in a statement by Wells Fargo & Co. earlier today.

Wells Fargo & Co. has downgraded Sunedison Semiconductor Ltd(NASDAQ:SEMI) to Market Perform in a report released on 8/18/2016.

Just yesterday Sunedison Semiconductor Ltd (NASDAQ:SEMI) traded 0.09% lower at $11.50. SEMI’s 50-day average is $9.83 and its two hundred day average is $6.87. With the last stock price up 66.58% relative to the two hundred day moving average, compared to the S&P 500 which has fallen -0.01% over the same period. Volume of trade was was down over the average, with 329,913 shares of SEMI changing hands under the typical 967,873 shares..

Recent Performance Graph:

Sunedison Semiconductor Ltd (NASDAQ:SEMI)

With a market cap of $0.0, Sunedison Semiconductor Ltd has a one-year low of $3.24 and a 52 week high of $12.76 with a price-earnings ratio of 0.

In addition to Wells Fargo & Co. reporting it’s target price, a total of 6 brokers have issued a report on Sunedison Semiconductor Ltd. The one year target stock price is $10.22 with 0 rating the company a strong buy, 0 rating the stock a buy, 0 analysts rating the stock a hold, 0 rating the stock to underperform, and finally 0 analystsrating the company as sell.

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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