Semiconductor Manufacturing International Corporation (SMI) Receives $8.68 Consensus Price Target from Brokerages

Semiconductor Manufacturing International Corporation (NYSE:SMI) has received an average rating of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat reports. Six equities research 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 12-month target price among brokers that have issued ratings on the stock in the last year is $8.68.

Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Semiconductor Manufacturing International Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. BidaskClub downgraded shares of Semiconductor Manufacturing International Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Mizuho downgraded shares of Semiconductor Manufacturing International Corporation from a “buy” rating to an “underperform” rating in a research note on Monday, October 16th. ValuEngine raised shares of 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 shares of Semiconductor Manufacturing International Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, August 10th.

Semiconductor Manufacturing International Corporation (NYSE:SMI) traded up $0.78 during trading on Thursday, reaching $8.74. 948,341 shares of the company’s stock traded hands, compared to its average volume of 448,781. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.65 and a quick ratio of 1.35. The company has a market capitalization of $8,129.73, a P/E ratio of 25.71, a PEG ratio of 1.94 and a beta of 0.40. Semiconductor Manufacturing International Corporation has a 1-year low of $4.49 and a 1-year high of $8.77.

Semiconductor Manufacturing International Corporation (NYSE:SMI) last posted its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $751.19 million during the quarter, compared to the consensus estimate of $757.00 million. Semiconductor Manufacturing International Corporation had a return on equity of 5.63% and a net margin of 10.33%. During the same period in the prior year, the firm earned $0.11 earnings per share. analysts predict that Semiconductor Manufacturing International Corporation will post 0.25 earnings per share for the current year.

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

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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