Semiconductor Manufacturing Int’l (SMI) Issues Earnings Results

Semiconductor Manufacturing Int’l (NYSE:SMI) posted its earnings results on Thursday. The semiconductor company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03, reports. The business had revenue of $787.60 million during the quarter, compared to analyst estimates of $783.62 million. Semiconductor Manufacturing Int’l had a return on equity of 1.87% and a net margin of 4.06%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 EPS. Semiconductor Manufacturing Int’l updated its Q1 2019 guidance to EPS.

Shares of SMI traded down $0.05 during trading hours on Thursday, reaching $5.14. 6,730 shares of the company’s stock traded hands, compared to its average volume of 122,850. The company has a market cap of $4.42 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 475.00 and a beta of 0.68. The company has a current ratio of 2.10, a quick ratio of 1.82 and a debt-to-equity ratio of 0.30. Semiconductor Manufacturing Int’l has a 12 month low of $3.74 and a 12 month high of $7.37.

A number of analysts have recently issued reports on the company. ValuEngine upgraded Semiconductor Manufacturing Int’l from a “hold” rating to a “buy” rating in a research report on Monday, December 17th. Zacks Investment Research upgraded Semiconductor Manufacturing Int’l from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a research report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Semiconductor Manufacturing Int’l currently has an average rating of “Hold” and a consensus price target of $4.75.

Several institutional investors and hedge funds have recently modified their holdings of SMI. Northern Trust Corp boosted its position in shares of Semiconductor Manufacturing Int’l by 13.4% during the 2nd quarter. Northern Trust Corp now owns 100,692 shares of the semiconductor company’s stock valued at $654,000 after acquiring an additional 11,932 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in Semiconductor Manufacturing Int’l in the 3rd quarter worth approximately $271,000. Finally, Wetherby Asset Management Inc. bought a new stake in Semiconductor Manufacturing Int’l in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 0.47% of the company’s stock.

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Semiconductor Manufacturing Int’l Company 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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Earnings History for Semiconductor Manufacturing Int`l (NYSE:SMI)

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