SunEdison Semiconductor (SEMI) in Focus: Stock Tumbles 8.7% – Tale of the Tape

Zacks

SunEdison Semiconductor Limited (SEMI) saw a big move last session, as the company’s shares fell by nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for SEMI, as the stock is now down 19% in the past one-month time frame.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

SEMI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the semiconductor sector is Advanced Energy Industries, Inc. (AEIS), which currently carries a Zacks Rank #1 (Strong Buy).

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