Semiconductor Manufacturing International (NYSE:SMI) Downgraded by Jefferies Group to Hold

Semiconductor Manufacturing International (NYSE:SMI) was downgraded by equities research analysts at Jefferies Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, November 16th, Marketbeat Ratings reports. Jefferies Group also issued estimates for Semiconductor Manufacturing International’s FY2017 earnings at $0.16 EPS.

Several other analysts also recently weighed in on SMI. ValuEngine upgraded shares of Semiconductor Manufacturing International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Bank of America lowered shares of Semiconductor Manufacturing International from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Semiconductor Manufacturing International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Credit Suisse Group lowered shares of Semiconductor Manufacturing International from a “neutral” rating to an “underperform” rating in a research report on Tuesday, November 7th. Finally, Daiwa Capital Markets downgraded shares of Semiconductor Manufacturing International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Ten analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Semiconductor Manufacturing International has a consensus rating of “Sell”.

Shares of Semiconductor Manufacturing International (NYSE:SMI) traded down $0.13 on Thursday, hitting $6.97. 314,495 shares of the company’s stock were exchanged, compared to its average volume of 271,151. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.45. Semiconductor Manufacturing International has a 1-year low of $4.49 and a 1-year high of $9.14. The firm has a market capitalization of $6,605.31, a PE ratio of 28.40, a PEG ratio of 3.73 and a beta of 0.39.

Several institutional investors and hedge funds have recently modified their holdings of SMI. Northern Trust Corp grew its holdings in Semiconductor Manufacturing International by 4.2% during the second quarter. Northern Trust Corp now owns 46,976 shares of the semiconductor company’s stock worth $267,000 after acquiring an additional 1,908 shares during the period. Bank of America Corp DE boosted its position in Semiconductor Manufacturing International by 8.0% during the 1st quarter. Bank of America Corp DE now owns 46,484 shares of the semiconductor company’s stock worth $292,000 after acquiring an additional 3,437 shares during the period. FNY Partners Fund LP acquired a new stake in shares of Semiconductor Manufacturing International during the 2nd quarter valued at about $114,000. UBS Group AG lifted its holdings in shares of Semiconductor Manufacturing International by 172.5% during 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 during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Semiconductor Manufacturing International by 16.9% during the 3rd quarter. First Trust Advisors LP now owns 405,393 shares of the semiconductor company’s stock valued at $2,254,000 after buying an additional 58,753 shares during the last quarter. 0.67% of the stock is currently owned by institutional investors.

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About Semiconductor Manufacturing International

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.

Analyst Recommendations for Semiconductor  Manufacturing International (NYSE:SMI)

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