Semiconductor Manufacturing Int’l (SMI) Given Average Recommendation of “Hold” by Brokerages

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Semiconductor Manufacturing Int’l (NYSE:SMI) has earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company.

A number of research analysts have commented on SMI shares. ValuEngine raised Semiconductor Manufacturing Int’l from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. Morgan Stanley lowered Semiconductor Manufacturing Int’l from an “overweight” rating to an “equal weight” rating in a research report on Monday, August 13th. Nomura raised Semiconductor Manufacturing Int’l from a “reduce” rating to a “neutral” rating in a research report on Friday, May 11th. Finally, Credit Suisse Group raised Semiconductor Manufacturing Int’l from an “underperform” rating to a “neutral” rating in a research report on Thursday, May 10th.

SMI traded down $0.14 during midday trading on Wednesday, reaching $5.64. 170,500 shares of the company’s stock traded hands, compared to its average volume of 274,854. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 118.20 and a beta of -0.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.98 and a quick ratio of 1.69. Semiconductor Manufacturing Int’l has a 52 week low of $4.96 and a 52 week high of $9.14.

Semiconductor Manufacturing Int’l (NYSE:SMI) last released its quarterly earnings results on Thursday, August 9th. The semiconductor company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $890.71 million during the quarter, compared to analyst estimates of $877.14 million. Semiconductor Manufacturing Int’l had a return on equity of 2.28% and a net margin of 4.72%. Semiconductor Manufacturing Int’l’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.04 EPS. sell-side analysts expect that Semiconductor Manufacturing Int’l will post 0.05 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of SMI. Millennium Management LLC purchased a new position in shares of Semiconductor Manufacturing Int’l during the 4th quarter worth approximately $1,360,000. Aperio Group LLC grew its stake in shares of Semiconductor Manufacturing Int’l by 9.9% in the 1st quarter. Aperio Group LLC now owns 83,286 shares of the semiconductor company’s stock worth $550,000 after buying an additional 7,502 shares during the last quarter. Northern Trust Corp grew its stake in shares of Semiconductor Manufacturing Int’l by 17.7% in the 1st quarter. Northern Trust Corp now owns 88,760 shares of the semiconductor company’s stock worth $587,000 after buying an additional 13,346 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Semiconductor Manufacturing Int’l in the 1st quarter worth approximately $144,000. Finally, Barclays PLC purchased a new stake in shares of Semiconductor Manufacturing Int’l in the 1st quarter worth approximately $391,000. Hedge funds and other institutional investors own 0.52% of the company’s stock.

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

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