Semiconductor Manufacturing Int'l (SMI) Given Average Rating of “Sell” by Brokerages

Shares of Semiconductor Manufacturing Int'l (NYSE:SMI) have been given an average rating of “Sell” by the sixteen research firms that are currently covering the firm, Marketbeat Ratings reports. Twelve analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company.

Several brokerages have commented on SMI. Jefferies Group lowered Semiconductor Manufacturing Int'l from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. HSBC lowered Semiconductor Manufacturing Int'l from a “hold” rating to a “reduce” rating in a report on Wednesday, November 15th. Daiwa Capital Markets lowered Semiconductor Manufacturing Int'l from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. JPMorgan Chase & Co. lowered Semiconductor Manufacturing Int'l from a “neutral” rating to an “underweight” rating in a report on Sunday, February 11th. Finally, Citigroup lowered Semiconductor Manufacturing Int'l from a “neutral” rating to a “sell” rating in a report on Sunday, February 11th.

Shares of Semiconductor Manufacturing Int'l (SMI) remained flat at $$6.95 on Wednesday. 148,114 shares of the company were exchanged, compared to its average volume of 357,326. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.87 and a quick ratio of 1.52. Semiconductor Manufacturing Int'l has a fifty-two week low of $4.49 and a fifty-two week high of $9.14. The company has a market capitalization of $6,970.00, a price-to-earnings ratio of 38.61, a price-to-earnings-growth ratio of 10.97 and a beta of 0.17.

Semiconductor Manufacturing Int'l (NYSE:SMI) last issued its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $0.05 EPS for the quarter. Semiconductor Manufacturing Int'l had a return on equity of 3.02% and a net margin of 5.79%. The company had revenue of $787.20 million for the quarter, compared to analyst estimates of $791.02 million. During the same period last year, the company earned $0.11 earnings per share. Semiconductor Manufacturing Int'l’s quarterly revenue was down 3.4% compared to the same quarter last year. research analysts predict that Semiconductor Manufacturing Int'l will post 0.06 EPS for the current year.

Large investors have recently modified their holdings of the company. Bank of Montreal Can boosted its stake in shares of Semiconductor Manufacturing Int'l by 33.6% in the fourth quarter. Bank of Montreal Can now owns 272,316 shares of the semiconductor company’s stock worth $2,331,000 after acquiring an additional 68,550 shares during the last quarter. Aperio Group LLC boosted its stake in shares of Semiconductor Manufacturing Int'l by 12.7% in the fourth quarter. Aperio Group LLC now owns 75,784 shares of the semiconductor company’s stock worth $649,000 after acquiring an additional 8,521 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Semiconductor Manufacturing Int'l by 16.9% in the third quarter. First Trust Advisors LP now owns 405,393 shares of the semiconductor company’s stock worth $2,254,000 after acquiring an additional 58,753 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Semiconductor Manufacturing Int'l 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 acquiring an additional 1,908 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Semiconductor Manufacturing Int'l in the fourth quarter worth approximately $1,360,000. 0.62% of the stock is currently owned by hedge funds and other institutional investors.

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Semiconductor Manufacturing Int'l Company Profile

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 Int'l (NYSE:SMI)

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