Semiconductor Manufacturing International Corporation (NYSE:SMI) was downgraded by investment analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday, August 1st.
Several other research firms have also weighed in on SMI. Deutsche Bank AG lowered shares of Semiconductor Manufacturing International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 5th. J P Morgan Chase & Co lowered shares of Semiconductor Manufacturing International Corporation from an “overweight” rating to a “neutral” rating in a report on Thursday, May 11th. Macquarie lowered shares of Semiconductor Manufacturing International Corporation from an “outperform” rating to a “neutral” rating in a report on Thursday, May 11th. Finally, BidaskClub lowered shares of Semiconductor Manufacturing International Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Six research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $7.97.
Shares of Semiconductor Manufacturing International Corporation (NYSE SMI) traded up 1.49% during mid-day trading on Tuesday, reaching $4.76. 123,759 shares of the company traded hands. The stock’s 50 day moving average is $5.50 and its 200 day moving average is $6.02. The stock has a market capitalization of $5.24 billion, a PE ratio of 14.65 and a beta of 0.21. Semiconductor Manufacturing International Corporation has a 52-week low of $4.49 and a 52-week high of $7.74.
Semiconductor Manufacturing International Corporation (NYSE:SMI) last posted its earnings results on Tuesday, August 8th. The semiconductor company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Semiconductor Manufacturing International Corporation had a return on equity of 5.73% and a net margin of 10.33%. The firm had revenue of $751.19 million during the quarter, compared to the consensus estimate of $757 million. During the same period in the previous year, the company posted $0.11 EPS. On average, analysts anticipate that Semiconductor Manufacturing International Corporation will post $0.04 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMI. World Asset Management Inc increased its position in Semiconductor Manufacturing International Corporation by 1.9% in the first quarter. World Asset Management Inc now owns 52,711 shares of the semiconductor company’s stock worth $331,000 after buying an additional 965 shares during the last quarter. Comerica Bank increased its position in Semiconductor Manufacturing International Corporation by 2.1% in the first quarter. Comerica Bank now owns 48,799 shares of the semiconductor company’s stock worth $296,000 after buying an additional 997 shares during the last quarter. Northern Trust Corp increased its position in Semiconductor Manufacturing International Corporation by 4.2% in the second quarter. Northern Trust Corp now owns 46,976 shares of the semiconductor company’s stock worth $267,000 after buying an additional 1,908 shares during the last quarter. Bank of America Corp DE increased its position in Semiconductor Manufacturing International Corporation by 8.0% in the first quarter. Bank of America Corp DE now owns 46,484 shares of the semiconductor company’s stock worth $292,000 after buying an additional 3,437 shares during the last quarter. Finally, K.J. Harrison & Partners Inc increased its position in Semiconductor Manufacturing International Corporation by 25.0% in the first quarter. K.J. Harrison & Partners Inc now owns 25,000 shares of the semiconductor company’s stock worth $157,000 after buying an additional 5,000 shares during the last quarter. Institutional investors own 0.70% of the company’s stock.
Semiconductor Manufacturing International Corporation Company Profile
Semiconductor Manufacturing International Corporation is an investment holding company principally engaged in the computer-aided design, manufacture, packaging and trading of integrated circuits (IC), as well as the provision of other semiconductor services. The Company is also involved in the design and manufacture of semiconductor masks.
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