Semiconductor Manufacturing International Corporation (SMI) Given Consensus Rating of “Hold” by Brokerages

Shares of Semiconductor Manufacturing International Corporation (NYSE:SMI) have received an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $8.68.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Semiconductor Manufacturing International Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. BidaskClub lowered shares of Semiconductor Manufacturing International Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. ValuEngine upgraded shares of Semiconductor Manufacturing International Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Citigroup Inc. lowered shares of Semiconductor Manufacturing International Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, August 10th. Finally, BNP Paribas lowered shares of Semiconductor Manufacturing International Corporation from a “hold” rating to a “reduce” rating in a research note on Wednesday, August 9th.

COPYRIGHT VIOLATION WARNING: This story was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.com-unik.info/2017/10/13/semiconductor-manufacturing-international-corporation-smi-given-consensus-rating-of-hold-by-brokerages.html.

Several hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp boosted its holdings in shares of Semiconductor Manufacturing International Corporation by 4.2% in the 2nd quarter. Northern Trust Corp now owns 46,976 shares of the semiconductor company’s stock valued at $267,000 after acquiring an additional 1,908 shares during the last quarter. Citigroup Inc. purchased a new stake in shares of Semiconductor Manufacturing International Corporation in the 2nd quarter valued at $745,000. FNY Partners Fund LP purchased a new stake in shares of Semiconductor Manufacturing International Corporation in the 2nd quarter valued at $114,000. First Trust Advisors LP purchased a new stake in shares of Semiconductor Manufacturing International Corporation in the 2nd quarter valued at $1,976,000. Finally, Bank of Montreal Can purchased a new stake in shares of Semiconductor Manufacturing International Corporation in the 2nd quarter valued at $1,211,000. 0.69% of the stock is currently owned by institutional investors and hedge funds.

Semiconductor Manufacturing International Corporation (NYSE:SMI) last issued its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). Semiconductor Manufacturing International Corporation had a net margin of 10.33% and a return on equity of 5.63%. The company had revenue of $751.19 million for the quarter, compared to analyst estimates of $757.00 million. During the same quarter in the previous year, the company posted $0.11 EPS.

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.

Analyst Recommendations for Semiconductor  Manufacturing International Corporation (NYSE:SMI)

What are top analysts saying about Semiconductor Manufacturing International Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Semiconductor Manufacturing International Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit