Semiconductor Manufacturing International Corporation (SMI) Trading NaN Higher

Shares of Semiconductor Manufacturing International Corporation (NYSE:SMI) traded up NaN during trading on Wednesday . The stock traded as high as $8.29 and last traded at $0.00. 769,729 shares traded hands during trading, an increase of Infinity from the average session volume of 0 shares.

Several analysts have commented on the company. Zacks Investment Research downgraded Semiconductor Manufacturing International Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. BidaskClub downgraded Semiconductor Manufacturing International Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Mizuho downgraded Semiconductor Manufacturing International Corporation from a “buy” rating to an “underperform” rating in a research note on Monday, October 16th. ValuEngine raised Semiconductor Manufacturing International Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Finally, Citigroup Inc. downgraded Semiconductor Manufacturing International Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, August 10th. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Semiconductor Manufacturing International Corporation currently has a consensus rating of “Hold” and a consensus target price of $8.68.

Semiconductor Manufacturing International Corporation (NYSE:SMI) last issued its 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 return on equity of 5.63% and a net margin of 10.33%. The business had revenue of $751.19 million during the quarter, compared to the consensus estimate of $757.00 million. During the same period in the prior year, the business earned $0.11 EPS.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMI. First Trust Advisors LP bought a new stake in shares of Semiconductor Manufacturing International Corporation during the second quarter valued at approximately $1,976,000. Bank of Montreal Can bought a new stake in shares of Semiconductor Manufacturing International Corporation during the second quarter valued at approximately $1,211,000. Citigroup Inc. bought a new stake in shares of Semiconductor Manufacturing International Corporation during the second quarter valued at approximately $745,000. Renaissance Technologies LLC raised its holdings in shares of Semiconductor Manufacturing International Corporation by 4.8% during the first quarter. Renaissance Technologies LLC now owns 2,570,400 shares of the semiconductor company’s stock valued at $16,142,000 after buying an additional 118,800 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Semiconductor Manufacturing International Corporation by 41.3% during the first quarter. Parametric Portfolio Associates LLC now owns 213,534 shares of the semiconductor company’s stock valued at $1,341,000 after buying an additional 62,416 shares during the last quarter. 0.70% of the stock is currently owned by institutional investors.

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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.

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