Todays Report: Today, Havens Advisors LLC Invests $3,873,000 in SunEdison Semiconductor Ltd. (SEMI)

Today, Havens Advisors LLC Invests $3,873,000 in SunEdison Semiconductor Ltd. (SEMI)

Havens Advisors LLC bought a new stake in shares of SunEdison Semiconductor Ltd. (NASDAQ:SEMI) during the third quarter, Holdings Channel reports. The institutional investor bought 340,000 shares of the company’s stock, valued at approximately $3,873,000. SunEdison Semiconductor makes up about 3.0% of Havens Advisors LLC’s investment portfolio, making the stock its 10th largest position.

Several other hedge funds have also made changes to their positions in SEMI. State Street Corp increased its position in SunEdison Semiconductor by 2.2% in the second quarter. State Street Corp now owns 49,565 shares of the company’s stock worth $293,000 after buying an additional 1,065 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of SunEdison Semiconductor during the third quarter worth about $322,000. Bank of New York Mellon Corp boosted its position in shares of SunEdison Semiconductor by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 77,953 shares of the company’s stock worth $462,000 after buying an additional 3,037 shares in the last quarter. Smith Asset Management Group LP acquired a new position in shares of SunEdison Semiconductor during the second quarter worth about $489,000. Finally, Spark Investment Management LLC boosted its position in shares of SunEdison Semiconductor by 68.5% in the second quarter. Spark Investment Management LLC now owns 97,400 shares of the company’s stock worth $577,000 after buying an additional 39,600 shares in the last quarter. Institutional investors own 62.97% of the company’s stock.

SunEdison Semiconductor Ltd. (NASDAQ:SEMI) remained flat at $11.94 during midday trading on Monday. 114,120 shares of the company traded hands. The stock has a 50 day moving average of $11.76 and a 200 day moving average of $8.78. SunEdison Semiconductor Ltd. has a 12-month low of $3.24 and a 12-month high of $11.98. The stock’s market cap is $506.57 million.

A number of equities analysts have issued reports on the stock. raised shares of SunEdison Semiconductor from a “sell” rating to a “neutral” rating in a report on Thursday, August 18th. Wells Fargo & Co. cut shares of SunEdison Semiconductor from an “outperform” rating to a “market perform” rating in a report on Thursday, August 18th. Summit Redstone cut shares of SunEdison Semiconductor from a “buy” rating to a “hold” rating in a report on Thursday, August 18th. Citigroup Inc. raised shares of SunEdison Semiconductor from a “sell” rating to a “neutral” rating and raised their target price for the stock from $5.50 to $12.00 in a report on Thursday, August 18th. Finally, Deutsche Bank AG cut shares of SunEdison Semiconductor from a “buy” rating to a “hold” rating in a report on Friday, August 19th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $8.16.

About SunEdison Semiconductor

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.

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