Semiconductor Manufacturing International Corporation (NYSE:SMI) – Investment analysts at Jefferies Group dropped their FY2017 earnings per share (EPS) estimates for shares of Semiconductor Manufacturing International Corporation in a report released on Wednesday. Jefferies Group analyst R. Wu now anticipates that the semiconductor company will post earnings per share of $0.16 for the year, down from their previous estimate of $0.25. Jefferies Group has a “Hold” rating on the stock.

A number of other equities research analysts have also commented on SMI. ValuEngine raised shares of Semiconductor Manufacturing International Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. BidaskClub downgraded shares of Semiconductor Manufacturing International Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. BNP Paribas downgraded shares of Semiconductor Manufacturing International Corporation from a “hold” rating to a “reduce” rating in a research report on Wednesday, August 9th. Citigroup Inc. downgraded shares of Semiconductor Manufacturing International Corporation from a “buy” rating to a “neutral” rating in a research report on Thursday, August 10th. Finally, Sanford C. Bernstein downgraded shares of Semiconductor Manufacturing International Corporation from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 10th. Nine equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold”.

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Shares of Semiconductor Manufacturing International Corporation (NYSE:SMI) traded down $0.51 during trading hours on Friday, reaching $7.11. 650,459 shares of the company’s stock were exchanged, compared to its average volume of 261,126. Semiconductor Manufacturing International Corporation has a 12-month low of $4.49 and a 12-month high of $9.14. The company has a current ratio of 1.65, a quick ratio of 1.35 and a debt-to-equity ratio of 0.43. The company has a market cap of $7,349.57, a price-to-earnings ratio of 31.60, a P/E/G ratio of 1.76 and a beta of 0.40.

A number of institutional investors have recently added to or reduced their stakes in SMI. FNY Partners Fund LP acquired a new position in Semiconductor Manufacturing International Corporation during the 2nd quarter valued at about $114,000. Northern Trust Corp raised its position in shares of Semiconductor Manufacturing International Corporation by 4.2% in the 2nd quarter. Northern Trust Corp now owns 46,976 shares of the semiconductor company’s stock valued at $267,000 after acquiring an additional 1,908 shares during the period. Bank of America Corp DE raised its position in shares of Semiconductor Manufacturing International Corporation by 8.0% in the 1st quarter. Bank of America Corp DE now owns 46,484 shares of the semiconductor company’s stock valued at $292,000 after acquiring an additional 3,437 shares during the period. UBS Group AG raised its position in shares of Semiconductor Manufacturing International Corporation by 172.5% in the 1st quarter. UBS Group AG now owns 64,161 shares of the semiconductor company’s stock valued at $403,000 after acquiring an additional 40,616 shares during the period. Finally, Citigroup Inc. acquired a new stake in shares of Semiconductor Manufacturing International Corporation in the 2nd quarter valued at approximately $745,000. Institutional investors own 0.68% of the company’s stock.

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.

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