Shares of Semiconductor Manufacturing International Corporation (NYSE:SMI) have been assigned a consensus rating of “Hold” from the eleven research firms that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $8.68.

SMI has been the topic of several recent analyst reports. ValuEngine cut Semiconductor Manufacturing International Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Citigroup Inc. cut Semiconductor Manufacturing International Corporation from a “buy” rating to a “neutral” rating in a research report on Thursday, August 10th. Macquarie raised Semiconductor Manufacturing International Corporation from a “neutral” rating to an “outperform” rating in a research report on Tuesday, June 13th. BNP Paribas cut Semiconductor Manufacturing International Corporation from a “hold” rating to a “reduce” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research cut Semiconductor Manufacturing International Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th.

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Large investors have recently made changes to their positions in the business. FNY Partners Fund LP purchased a new position in Semiconductor Manufacturing International Corporation in the second quarter worth about $114,000. Capstone Asset Management Co. boosted its position in Semiconductor Manufacturing International Corporation by 28.4% in the first quarter. Capstone Asset Management Co. now owns 38,740 shares of the semiconductor company’s stock worth $243,000 after purchasing an additional 8,570 shares during the last quarter. Bank of America Corp DE boosted its position in Semiconductor Manufacturing International Corporation by 8.0% in the first quarter. Bank of America Corp DE now owns 46,484 shares of the semiconductor company’s stock worth $292,000 after purchasing an additional 3,437 shares during the last quarter. Northern Trust Corp boosted its position in Semiconductor Manufacturing International Corporation by 4.2% in the second quarter. Northern Trust Corp now owns 46,976 shares of the semiconductor company’s stock worth $267,000 after purchasing an additional 1,908 shares during the last quarter. Finally, Comerica Bank boosted its position in Semiconductor Manufacturing International Corporation by 2.1% in the first quarter. Comerica Bank now owns 48,799 shares of the semiconductor company’s stock worth $296,000 after purchasing an additional 997 shares during the last quarter. 0.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of Semiconductor Manufacturing International Corporation (NYSE SMI) traded down 0.38% during trading on Wednesday, hitting $5.23. 375,708 shares of the company were exchanged. Semiconductor Manufacturing International Corporation has a 1-year low of $4.49 and a 1-year high of $7.74. The company has a 50 day moving average of $4.96 and a 200-day moving average of $5.65. The stock has a market capitalization of $5.75 billion, a PE ratio of 16.09 and a beta of 0.24.

Semiconductor Manufacturing International Corporation (NYSE:SMI) last released its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Semiconductor Manufacturing International Corporation had a net margin of 10.33% and a return on equity of 5.63%. The business had revenue of $751.19 million for the quarter, compared to analysts’ expectations of $757.00 million. During the same period last year, the business earned $0.11 earnings per share. On average, analysts forecast that Semiconductor Manufacturing International Corporation will post $0.14 earnings per share for the current year.

About Semiconductor Manufacturing International Corporation

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.

Analyst Recommendations for Semiconductor  Manufacturing International Corporation (NYSE:SMI)

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