Semiconductor Manufacturing Int’l (SMI) Given Average Rating of “Sell” by Analysts

Semiconductor Manufacturing Int’l (NYSE:SMI) has earned an average rating of “Sell” from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company.

SMI has been the topic of several recent research reports. ValuEngine raised Semiconductor Manufacturing Int’l from a “hold” rating to a “buy” rating in a report on Thursday, August 9th. Morgan Stanley cut Semiconductor Manufacturing Int’l from an “equal weight” rating to an “underweight” rating in a research report on Friday, September 21st.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Trust Corp increased its position in Semiconductor Manufacturing Int’l by 13.4% in the 2nd quarter. Northern Trust Corp now owns 100,692 shares of the semiconductor company’s stock valued at $654,000 after acquiring an additional 11,932 shares during the period. Opera Trading Capital acquired a new stake in Semiconductor Manufacturing Int’l in the 2nd quarter valued at approximately $650,000. Fox Run Management L.L.C. acquired a new stake in Semiconductor Manufacturing Int’l in the 2nd quarter valued at approximately $108,000. Bank of Montreal Can increased its position in Semiconductor Manufacturing Int’l by 28.4% in the 2nd quarter. Bank of Montreal Can now owns 260,884 shares of the semiconductor company’s stock valued at $1,696,000 after acquiring an additional 57,749 shares during the period. Finally, Highbridge Capital Management LLC acquired a new stake in Semiconductor Manufacturing Int’l in the 1st quarter valued at approximately $101,000. Hedge funds and other institutional investors own 0.52% of the company’s stock.

Shares of NYSE SMI traded down $0.18 during mid-day trading on Thursday, hitting $4.31. The company had a trading volume of 9,177 shares, compared to its average volume of 259,790. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 108.60 and a beta of 0.01. Semiconductor Manufacturing Int’l has a 12 month low of $4.42 and a 12 month high of $9.14. The company has a current ratio of 1.98, a quick ratio of 1.69 and a debt-to-equity ratio of 0.32.

Semiconductor Manufacturing Int’l (NYSE:SMI) last announced its quarterly earnings results on Thursday, August 9th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.04. The business had revenue of $890.71 million for the quarter, compared to the consensus estimate of $877.14 million. Semiconductor Manufacturing Int’l had a return on equity of 2.28% and a net margin of 4.72%. The business’s revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the business posted $0.04 EPS. As a group, equities analysts forecast that Semiconductor Manufacturing Int’l will post 0.05 earnings per share for the current fiscal year.

Semiconductor Manufacturing Int’l Company Profile

Semiconductor Manufacturing International Corporation, an investment holding company, engages in the computer-aided design, manufacture, testing, packaging, and trading of integrated circuits (IC) and other semiconductor services. The company offers various types of semiconductors, including logic, mixed-signal and radio frequency, power IC, microprocessor, memory related, optoelectronics, other sensors, discrete, and others.

See Also: Outstanding Shares

Analyst Recommendations for Semiconductor Manufacturing Int`l (NYSE:SMI)

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