Published On: Tue, Sep 13th, 2016

Semiconductor Manufacturing International Corp. (SMI) Stock Price Up 0.6%

Semiconductor Manufacturing International Corp. (NYSE:SMI) rose 0.6% during mid-day trading on Tuesday . The company traded as high as $5.51 and last traded at $5.42, with a volume of 135,208 shares. The stock had previously closed at $5.39.
SMI has been the topic of a number of research reports. Citigroup Inc. upgraded shares of Semiconductor Manufacturing International Corp. from a “neutral” rating to a “buy” rating in a report on Friday, August 12th. Zacks Investment Research upgraded shares of Semiconductor Manufacturing International Corp. from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a report on Saturday, August 13th. Five research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $5.50.
The company’s 50 day moving average price is $4.90 and its 200 day moving average price is $4.40. The stock has a market cap of $598.40 million, a P/E ratio of 18.13 and a beta of 0.91.

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Semiconductor Manufacturing International Corp. (NYSE:SMI) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The business earned $690.20 million during the quarter, compared to the consensus estimate of $667.85 million. Semiconductor Manufacturing International Corp. had a net margin of 11.19% and a return on equity of 6.46%. During the same period in the previous year, the firm posted $0.10 earnings per share. On average, analysts anticipate that Semiconductor Manufacturing International Corp. will post $0.35 earnings per share for the current year.
A hedge fund recently raised its stake in Semiconductor Manufacturing International Corp. stock. Parametric Portfolio Associates LLC boosted its position in Semiconductor Manufacturing International Corp. (NYSE:SMI) by 60.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 122,355 shares of the company’s stock after buying an additional 46,281 shares during the period. Parametric Portfolio Associates LLC owned about 0.11% of Semiconductor Manufacturing International Corp. worth $496,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.05% of the company’s stock.
About Semiconductor Manufacturing International Corp.
Semiconductor Manufacturing International Corporation (SMIC) is engaged in the computer-aided design, manufacturing, testing, packaging, and trading of integrated circuits (ICs) and other semiconductor services, as well as designing and manufacturing semiconductor masks. The Company provides IC foundry and technology services at 0.35-micron to 28-nanometer.

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