Barclays Initiates Coverage on Semiconductor Manufacturing Int'l (SMI)
Semiconductor Manufacturing Int'l (NYSE:SMI) traded up 3.78% during mid-day trading on Monday, hitting $4.67. 103,350 shares of the company’s stock traded hands. Semiconductor Manufacturing Int'l has a 52-week low of $3.41 and a 52-week high of $5.32. The stock has a 50-day moving average of $4.60 and a 200-day moving average of $4.28. The company has a market cap of $3.253 billion and a P/E ratio of 22.50.
Semiconductor Manufacturing Int'l (NYSE:SMI) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.08 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.09 by $0.01. On average, analysts predict that Semiconductor Manufacturing Int'l will post $0.26 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on SMI. Analysts at Zacks upgraded shares of Semiconductor Manufacturing Int'l from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 24th. They now have a $5.20 price target on the stock. Analysts at Topeka Capital Markets raised their price target on shares of Semiconductor Manufacturing Int'l from $5.00 to $6.00 in a research note on Monday, July 21st. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $4.93.
Semiconductor Manufacturing International Corporation is an investment holding company. The Company and its subsidiaries are mainly engaged in the computer-aided design, manufacturing, packaging, testing and trading of integrated circuits and other semiconductor services, as well as manufacturing and designing semiconductor masks.
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