Renaissance Technologies LLC Sells 130,700 Shares of Semiconductor Manufacturing International Corporation (SMI)

Renaissance Technologies LLC lowered its stake in Semiconductor Manufacturing International Corporation (NYSE:SMI) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,439,700 shares of the semiconductor company’s stock after selling 130,700 shares during the quarter. Renaissance Technologies LLC owned approximately 0.22% of Semiconductor Manufacturing International Corporation worth $13,906,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SMI. Comerica Bank grew its stake in Semiconductor Manufacturing International Corporation by 2.1% during the 1st quarter. Comerica Bank now owns 48,799 shares of the semiconductor company’s stock valued at $296,000 after acquiring an additional 997 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Semiconductor Manufacturing International Corporation in the 1st quarter valued at approximately $634,000. Parametric Portfolio Associates LLC grew its stake in shares of Semiconductor Manufacturing International Corporation by 41.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 213,534 shares of the semiconductor company’s stock valued at $1,341,000 after buying an additional 62,416 shares in the last quarter. UBS Group AG grew its stake in shares of Semiconductor Manufacturing International Corporation by 172.5% in the 1st quarter. UBS Group AG now owns 64,161 shares of the semiconductor company’s stock valued at $403,000 after buying an additional 40,616 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Semiconductor Manufacturing International Corporation by 8.0% in the 1st quarter. Bank of America Corp DE now owns 46,484 shares of the semiconductor company’s stock valued at $292,000 after buying an additional 3,437 shares in the last quarter. 0.69% of the stock is currently owned by institutional investors.

Shares of Semiconductor Manufacturing International Corporation (NYSE:SMI) opened at 6.79 on Friday. The firm has a 50-day moving average price of $5.77 and a 200-day moving average price of $5.53. Semiconductor Manufacturing International Corporation has a 12 month low of $4.49 and a 12 month high of $7.74. The company has a market capitalization of $7.47 billion, a PE ratio of 19.97 and a beta of 0.29.

Semiconductor Manufacturing International Corporation (NYSE:SMI) last posted its earnings results on Tuesday, August 8th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). The business had revenue of $751.19 million during the quarter, compared to the consensus estimate of $757.00 million. Semiconductor Manufacturing International Corporation had a return on equity of 5.63% and a net margin of 10.33%. During the same period in the previous year, the business earned $0.11 earnings per share. On average, equities research analysts predict that Semiconductor Manufacturing International Corporation will post $0.14 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This article was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2017/10/27/semiconductor-manufacturing-international-corporation-smi-stake-lessened-by-renaissance-technologies-llc.html.

SMI has been the subject of several analyst reports. ValuEngine upgraded Semiconductor Manufacturing International Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. BidaskClub lowered Semiconductor Manufacturing International Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. BNP Paribas lowered Semiconductor Manufacturing International Corporation from a “hold” rating to a “reduce” rating in a report on Wednesday, August 9th. Citigroup Inc. lowered Semiconductor Manufacturing International Corporation from a “buy” rating to a “neutral” rating in a report on Thursday, August 10th. Finally, Sanford C. Bernstein lowered Semiconductor Manufacturing International Corporation from a “market perform” rating to an “underperform” rating in a report on Thursday, August 10th. Six research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $8.68.

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.

Institutional Ownership by Quarter for Semiconductor  Manufacturing International Corporation (NYSE:SMI)

Receive News & Ratings for Semiconductor Manufacturing International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semiconductor Manufacturing International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply