Sumco Corporation (NASDAQ:SUOPY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Friday. The brokerage presently has a $36.00 price objective on the stock. Zacks Investment Research‘s price target points to a potential upside of 13.53% from the stock’s current price.

According to Zacks, “Sumco Corporation manufactures and sells silicon wafers for the semiconductor industry. It offers monocrystalline ingots, polished wafers, annealed wafers, epitaxial wafers, junction isolated wafers, silicon-on-insulator wafers, and reclaimed polished wafers. The company operates primarily in Japan, North America, Asia and Europe. Sumco Corporation is headquartered in Tokyo, Japan. “

Shares of Sumco Corporation (SUOPY) opened at 31.71 on Friday. Sumco Corporation has a 52-week low of $16.57 and a 52-week high of $35.62. The stock’s 50 day moving average is $30.44 and its 200 day moving average is $32.16. The company has a market cap of $4.65 billion and a PE ratio of 36.20.

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