Semiconductor Manufacturing International Corporation (NYSE:SMI) has been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $8.68.
Several equities research analysts have recently weighed in on SMI shares. Macquarie cut shares of Semiconductor Manufacturing International Corporation from an “outperform” rating to a “neutral” rating in a research report on Thursday, May 11th. J P Morgan Chase & Co cut shares of Semiconductor Manufacturing International Corporation from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 11th. BidaskClub raised shares of Semiconductor Manufacturing International Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 16th. ValuEngine raised shares of Semiconductor Manufacturing International Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Finally, BNP Paribas cut shares of Semiconductor Manufacturing International Corporation from a “hold” rating to a “reduce” rating in a research report on Wednesday, August 9th.
Shares of Semiconductor Manufacturing International Corporation (NYSE SMI) traded up 1.0685% during trading on Tuesday, hitting $4.7199. 27,172 shares of the company’s stock were exchanged. Semiconductor Manufacturing International Corporation has a one year low of $4.49 and a one year high of $7.74. The firm has a 50-day moving average price of $5.47 and a 200-day moving average price of $5.98. The stock has a market cap of $5.19 billion, a P/E ratio of 14.5228 and a beta of 0.21.
Semiconductor Manufacturing International Corporation (NYSE:SMI) last announced its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $0.04 earnings per share for the quarter, missing the 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 business had revenue of $751.19 million during the quarter, compared to analysts’ expectations of $757 million. During the same period in the previous year, the company posted $0.11 EPS. Equities research analysts expect that Semiconductor Manufacturing International Corporation will post $0.04 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Highbridge Capital Management LLC purchased a new stake in Semiconductor Manufacturing International Corporation during the first quarter worth approximately $308,000. Bank of America Corp DE boosted its stake 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. Renaissance Technologies LLC boosted its stake in Semiconductor Manufacturing International Corporation by 4.8% in the first quarter. Renaissance Technologies LLC now owns 2,570,400 shares of the semiconductor company’s stock worth $16,142,000 after buying an additional 118,800 shares during the last quarter. UBS Group AG boosted its stake in Semiconductor Manufacturing International Corporation by 172.5% in the first quarter. UBS Group AG now owns 64,161 shares of the semiconductor company’s stock worth $403,000 after buying an additional 40,616 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in Semiconductor Manufacturing International Corporation by 41.3% in the first quarter. Parametric Portfolio Associates LLC now owns 213,534 shares of the semiconductor company’s stock worth $1,341,000 after buying an additional 62,416 shares during the last quarter. 0.70% of the stock is owned by institutional investors.
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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