Semiconductor Manufacturing International Corporation (SMI) Downgraded by Mizuho

Semiconductor Manufacturing International Corporation (NYSE:SMI) was downgraded by equities research analysts at Mizuho from a “buy” rating to an “underperform” rating in a research report issued to clients and investors on Monday, October 16th, The Fly reports.

Several other analysts have also commented on the company. ValuEngine lowered Semiconductor Manufacturing International Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Sanford C. Bernstein lowered Semiconductor Manufacturing International Corporation from a “market perform” rating to an “underperform” rating in a report on Thursday, August 10th. BNP Paribas downgraded Semiconductor Manufacturing International Corporation from a “hold” rating to a “reduce” rating in a research report on Wednesday, August 9th. BidaskClub downgraded Semiconductor Manufacturing International Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, Citigroup Inc. downgraded Semiconductor Manufacturing International Corporation from a “buy” rating to a “neutral” rating in a research report on Thursday, August 10th. Six analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Semiconductor Manufacturing International Corporation has an average rating of “Hold” and an average target price of $8.68.

Semiconductor Manufacturing International Corporation (SMI) opened at 7.01 on Monday. Semiconductor Manufacturing International Corporation has a 12 month low of $4.49 and a 12 month high of $7.74. The firm has a market cap of $7.71 billion, a P/E ratio of 20.62 and a beta of 0.29. The stock has a 50 day moving average of $5.77 and a 200-day moving average of $5.53.

Semiconductor Manufacturing International Corporation (NYSE:SMI) last announced its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $751.19 million during the quarter, compared to analyst estimates of $757.00 million. Semiconductor Manufacturing International Corporation had a net margin of 10.33% and a return on equity of 5.63%. During the same period in the prior year, the company posted $0.11 earnings per share. Equities research analysts predict that Semiconductor Manufacturing International Corporation will post $0.14 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Semiconductor Manufacturing International Corporation (SMI) Downgraded by Mizuho” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/10/28/semiconductor-manufacturing-international-corporation-smi-cut-to-underperform-at-mizuho.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new position in shares of Semiconductor Manufacturing International Corporation in the second quarter valued at approximately $1,211,000. First Trust Advisors LP purchased a new position in shares of Semiconductor Manufacturing International Corporation in the second quarter valued at approximately $1,976,000. Citigroup Inc. purchased a new position in shares of Semiconductor Manufacturing International Corporation in the second quarter valued at approximately $745,000. Parametric Portfolio Associates LLC lifted its position in Semiconductor Manufacturing International Corporation by 41.3% during 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 in the last quarter. Finally, Karp Capital Management Corp purchased a new position in Semiconductor Manufacturing International Corporation during the first quarter worth approximately $634,000. Institutional investors and hedge funds own 0.69% 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.

The Fly

Analyst Recommendations 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