Semiconductor Manufacturing Int’l (SMI) Stock Price Up 8.2%

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Semiconductor Manufacturing Int’l (NYSE:SMI) rose 8.2% during mid-day trading on Monday . The stock traded as high as $5.47 and last traded at $5.42. Approximately 639,064 shares were traded during mid-day trading, an increase of 367% from the average daily volume of 136,909 shares. The stock had previously closed at $5.01.

SMI has been the topic of several analyst reports. Zacks Investment Research raised shares of Semiconductor Manufacturing Int’l from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a report on Wednesday, April 24th. Daiwa Capital Markets lowered shares of Semiconductor Manufacturing Int’l from a “hold” rating to a “sell” rating in a report on Friday, February 15th. Finally, Goldman Sachs Group initiated coverage on shares of Semiconductor Manufacturing Int’l in a report on Tuesday, May 7th. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $5.75.

The firm has a market cap of $5.05 billion, a PE ratio of 50.10, a price-to-earnings-growth ratio of 100.20 and a beta of 0.81. The company has a current ratio of 2.15, a quick ratio of 1.92 and a debt-to-equity ratio of 0.29.

Semiconductor Manufacturing Int’l (NYSE:SMI) last announced its quarterly earnings results on Wednesday, May 8th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. The firm had revenue of $668.90 million for the quarter, compared to analyst estimates of $658.94 million. Semiconductor Manufacturing Int’l had a net margin of 2.82% and a return on equity of 1.08%. The business’s revenue for the quarter was down 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 EPS. As a group, equities analysts anticipate that Semiconductor Manufacturing Int’l will post 0.05 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in SMI. Wetherby Asset Management Inc. bought a new stake in Semiconductor Manufacturing Int’l in the 4th quarter valued at $43,000. Quadrant Capital Group LLC grew its holdings in shares of Semiconductor Manufacturing Int’l by 94.7% in the 1st quarter. Quadrant Capital Group LLC now owns 16,843 shares of the semiconductor company’s stock worth $83,000 after purchasing an additional 8,194 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Semiconductor Manufacturing Int’l in the 4th quarter worth about $135,000. QCM Cayman Ltd. bought a new stake in shares of Semiconductor Manufacturing Int’l in the 1st quarter worth about $253,000. Finally, Millennium Management LLC grew its holdings in shares of Semiconductor Manufacturing Int’l by 271.9% in the 4th quarter. Millennium Management LLC now owns 91,495 shares of the semiconductor company’s stock worth $392,000 after purchasing an additional 66,896 shares during the last quarter. 0.50% of the stock is currently owned by hedge funds and other institutional investors.

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About Semiconductor Manufacturing Int’l (NYSE:SMI)

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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