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

Semiconductor Manufacturing Int’l (NYSE:SMI) has earned an average recommendation of “Hold” from the eleven brokerages that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $4.75.

SMI has been the topic of several research analyst reports. ValuEngine raised Semiconductor Manufacturing Int’l from a “hold” rating to a “buy” rating in a research report on Thursday, August 9th. Morgan Stanley downgraded Semiconductor Manufacturing Int’l from an “equal weight” rating to an “underweight” rating in a research report on Friday, September 21st. Finally, Zacks Investment Research raised Semiconductor Manufacturing Int’l from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a research report on Thursday, October 25th.

Hedge funds have recently modified their holdings of the business. Fox Run Management L.L.C. purchased a new stake in shares of Semiconductor Manufacturing Int’l in the 2nd quarter worth $108,000. Northern Trust Corp lifted its holdings 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 period. Opera Trading Capital purchased a new stake in shares of Semiconductor Manufacturing Int’l in the 2nd quarter worth $650,000. Finally, Bank of Montreal Can lifted its holdings in shares of Semiconductor Manufacturing Int’l by 28.4% in the 2nd quarter. Bank of Montreal Can now owns 260,884 shares of the semiconductor company’s stock worth $1,696,000 after buying an additional 57,749 shares during the period. Institutional investors and hedge funds own 0.51% of the company’s stock.

Semiconductor Manufacturing Int’l stock traded up $0.04 during mid-day trading on Monday, hitting $4.01. The company’s stock had a trading volume of 7,010 shares, compared to its average volume of 360,325. The company has a market capitalization of $3.69 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 79.40 and a beta of 0.34. The company has a quick ratio of 1.69, a current ratio of 1.98 and a debt-to-equity ratio of 0.32. Semiconductor Manufacturing Int’l has a one year low of $3.74 and a one year high of $9.12.

Semiconductor Manufacturing Int’l (NYSE:SMI) last announced its quarterly earnings data on Wednesday, November 7th. The semiconductor company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The company had revenue of $850.66 million for the quarter, compared to the consensus estimate of $846.44 million. Semiconductor Manufacturing Int’l had a return on equity of 1.94% and a net margin of 4.06%. Semiconductor Manufacturing Int’l’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.03 EPS. As a group, research analysts anticipate that Semiconductor Manufacturing Int’l will post 0.08 earnings per share for the current year.

About Semiconductor Manufacturing Int’l

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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