Semiconductor Manufacturing Int'l (SMI) Upgraded at ValuEngine

ValuEngine upgraded shares of Semiconductor Manufacturing Int'l (NYSE:SMI) from a hold rating to a buy rating in a research note issued to investors on Monday.

Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Semiconductor Manufacturing Int'l from a hold rating to a sell rating in a research report on Wednesday, February 14th. JPMorgan Chase lowered shares of Semiconductor Manufacturing Int'l from a neutral rating to an underweight rating in a research report on Sunday, February 11th. Finally, Citigroup lowered shares of Semiconductor Manufacturing Int'l from a neutral rating to a sell rating in a research report on Sunday, February 11th. Ten equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Semiconductor Manufacturing Int'l presently has an average rating of Sell.

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Shares of Semiconductor Manufacturing Int'l stock opened at $6.61 on Monday. Semiconductor Manufacturing Int'l has a 1 year low of $4.49 and a 1 year high of $9.14. The company has a market cap of $6,149.45, a price-to-earnings ratio of 34.79, a P/E/G ratio of 10.02 and a beta of 0.18. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.87 and a quick ratio of 1.52.

Semiconductor Manufacturing Int'l (NYSE:SMI) last announced its earnings results on Thursday, February 8th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter. Semiconductor Manufacturing Int'l had a net margin of 5.79% and a return on equity of 3.02%. The business had revenue of $787.20 million during the quarter, compared to analyst estimates of $791.02 million. During the same period in the previous year, the business posted $0.11 earnings per share. Semiconductor Manufacturing Int'l’s revenue for the quarter was down 3.4% on a year-over-year basis. equities research analysts predict that Semiconductor Manufacturing Int'l will post 0.06 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in shares of Semiconductor Manufacturing Int'l by 4.2% in the 2nd quarter. Northern Trust Corp now owns 46,976 shares of the semiconductor company’s stock worth $267,000 after acquiring an additional 1,908 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Semiconductor Manufacturing Int'l by 12.7% in the 4th quarter. Aperio Group LLC now owns 75,784 shares of the semiconductor company’s stock worth $649,000 after acquiring an additional 8,521 shares during the last quarter. Profund Advisors LLC lifted its holdings in shares of Semiconductor Manufacturing Int'l by 59.6% in the 4th quarter. Profund Advisors LLC now owns 134,343 shares of the semiconductor company’s stock worth $1,150,000 after acquiring an additional 50,193 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Semiconductor Manufacturing Int'l by 33.6% in the 4th quarter. Bank of Montreal Can now owns 272,316 shares of the semiconductor company’s stock worth $2,331,000 after acquiring an additional 68,550 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Semiconductor Manufacturing Int'l in the 4th quarter worth approximately $1,360,000. Hedge funds and other institutional investors own 0.62% of the company’s stock.

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About Semiconductor Manufacturing Int'l

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Semiconductor Manufacturing Int'l (NYSE:SMI)

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