Summit Research Downgrades SunEdison Semiconductor (SEMI) to Hold

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Go back to Summit Research Downgrades SunEdison Semiconductor (SEMI) to Hold

SunEdison Semiconductor Reports First Quarter 2015 Results

May 7, 2015 4:40 PM EDT

ST. PETERS, Mo., May 7, 2015 (GLOBE NEWSWIRE) -- SunEdison Semiconductor Limited (Nasdaq: SEMI) ("SunEdison Semiconductor" or the "Company") today reported financial results for the first quarter ended March 31, 2015.

Highlights:

Operating cash flow of $34.6 million, up compared to $8.9 million in the prior quarter Gross profit dollars and margin up significantly year-over-year despite a decline in pricing SOI continues strong sequential growth trajectory

Results Review

Net sales for the 2015 first quarter were $199.4 million, down 3.2% sequentially compared to $205.9 million in the 2014 fourth quarter and down 3.3%... More