Semiconductor Manufacturing Int’l (SMI) Downgraded by Daiwa Capital Markets to Sell

Daiwa Capital Markets lowered shares of Semiconductor Manufacturing Int’l (NYSE:SMI) from a hold rating to a sell rating in a report released on Friday morning, The Fly reports.

Several other equities analysts also recently issued reports on the stock. ValuEngine upgraded shares of Semiconductor Manufacturing Int’l from a hold rating to a buy rating in a report on Monday, December 17th. Zacks Investment Research upgraded shares of Semiconductor Manufacturing Int’l from a hold rating to a buy rating and set a $4.75 price objective on the stock in a report on Thursday, October 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $5.75.

Shares of SMI traded down $0.10 during mid-day trading on Friday, hitting $5.04. 138,470 shares of the company traded hands, compared to its average volume of 123,546. Semiconductor Manufacturing Int’l has a 1-year low of $3.74 and a 1-year high of $7.37. The company has a quick ratio of 1.82, a current ratio of 2.10 and a debt-to-equity ratio of 0.30. The company has a market cap of $4.69 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 519.00 and a beta of 0.68.

Semiconductor Manufacturing Int’l (NYSE:SMI) last posted its quarterly earnings data on Thursday, February 14th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. Semiconductor Manufacturing Int’l had a net margin of 4.06% and a return on equity of 1.87%. The firm had revenue of $787.60 million for the quarter, compared to the consensus estimate of $783.62 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. On average, research analysts anticipate that Semiconductor Manufacturing Int’l will post 0.08 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Wetherby Asset Management Inc. acquired a new position in Semiconductor Manufacturing Int’l in the 4th quarter worth approximately $43,000. Jane Street Group LLC acquired a new position in Semiconductor Manufacturing Int’l in the 4th quarter worth approximately $135,000. Highbridge Capital Management LLC acquired a new position in Semiconductor Manufacturing Int’l in the 3rd quarter worth approximately $271,000. Millennium Management LLC increased its holdings in Semiconductor Manufacturing Int’l by 271.9% in the 4th quarter. Millennium Management LLC now owns 91,495 shares of the semiconductor company’s stock worth $392,000 after buying an additional 66,896 shares during the period. Finally, Northern Trust Corp increased its holdings 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 worth $654,000 after buying an additional 11,932 shares during the period. Institutional investors own 0.47% of the company’s stock.

About Semiconductor Manufacturing Int’l

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.

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