Comerica Bank Has $273,000 Holdings in Semiconductor Manufacturing Int’l (NYSE:SMI)

Comerica Bank lowered its position in Semiconductor Manufacturing Int’l (NYSE:SMI) by 6.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,301 shares of the semiconductor company’s stock after selling 3,944 shares during the period. Comerica Bank’s holdings in Semiconductor Manufacturing Int’l were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SMI. Northern Trust Corp grew its position in shares of Semiconductor Manufacturing Int’l by 24.6% in the 4th quarter. Northern Trust Corp now owns 115,873 shares of the semiconductor company’s stock valued at $495,000 after buying an additional 22,901 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Semiconductor Manufacturing Int’l by 105.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 170,564 shares of the semiconductor company’s stock valued at $730,000 after purchasing an additional 87,342 shares during the period. OLD Mission Capital LLC purchased a new stake in Semiconductor Manufacturing Int’l during the fourth quarter worth approximately $766,000. Jane Street Group LLC acquired a new stake in Semiconductor Manufacturing Int’l in the fourth quarter valued at $135,000. Finally, Millennium Management LLC increased its stake in Semiconductor Manufacturing Int’l by 271.9% during the fourth quarter. Millennium Management LLC now owns 91,495 shares of the semiconductor company’s stock valued at $392,000 after purchasing an additional 66,896 shares during the last quarter. 0.53% of the stock is owned by institutional investors and hedge funds.

Semiconductor Manufacturing Int’l stock opened at $5.67 on Wednesday. Semiconductor Manufacturing Int’l has a 1 year low of $3.74 and a 1 year high of $7.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.15 and a quick ratio of 1.92. The stock has a market cap of $5.23 billion, a PE ratio of 37.80 and a beta of 0.63.

Semiconductor Manufacturing Int’l (NYSE:SMI) last released its earnings results on Wednesday, May 8th. The semiconductor company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. The firm had revenue of $668.90 million for the quarter, compared to analysts’ expectations of $658.94 million. Semiconductor Manufacturing Int’l had a return on equity of 1.08% and a net margin of 2.82%. The business’s quarterly revenue was down 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.01 EPS.

A number of analysts have commented on SMI shares. Zacks Investment Research raised shares of Semiconductor Manufacturing Int’l from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a research note on Saturday, February 16th. Daiwa Capital Markets cut Semiconductor Manufacturing Int’l from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Finally, Goldman Sachs Group started coverage on Semiconductor Manufacturing Int’l in a research report on Tuesday, May 7th. They issued a “neutral” rating for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.75.

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Semiconductor Manufacturing Int’l 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.

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Institutional Ownership by Quarter for Semiconductor Manufacturing Int`l (NYSE:SMI)

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