Semiconductor Manufacturing International Corporation (NYSE:SMI) released its earnings results on Tuesday. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.01, Morningstar.com reports. Semiconductor Manufacturing International Corporation had a return on equity of 7.10% and a net margin of 12.53%. During the same period in the prior year, the firm posted $0.11 EPS.

Semiconductor Manufacturing International Corporation (NYSE SMI) traded down 2.5558% during trading on Tuesday, hitting $5.3302. 104,438 shares of the stock were exchanged. Semiconductor Manufacturing International Corporation has a 52 week low of $4.16 and a 52 week high of $7.74. The firm’s 50-day moving average is $5.56 and its 200 day moving average is $6.11. The firm has a market cap of $5.86 billion, a PE ratio of 13.8447 and a beta of 0.21.

A number of equities analysts have issued reports on SMI shares. ValuEngine cut Semiconductor Manufacturing International Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. J P Morgan Chase & Co cut Semiconductor Manufacturing International Corporation from an “overweight” rating to a “neutral” rating in a report on Thursday, May 11th. Macquarie cut Semiconductor Manufacturing International Corporation from an “outperform” rating to a “neutral” rating in a report on Thursday, May 11th. Finally, BidaskClub upgraded Semiconductor Manufacturing International Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $7.97.

Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its stake in Semiconductor Manufacturing International Corporation by 4.8% in the first quarter. Renaissance Technologies LLC now owns 2,570,400 shares of the semiconductor company’s stock valued at $16,142,000 after buying an additional 118,800 shares during the period. First Trust Advisors LP acquired a new stake in Semiconductor Manufacturing International Corporation during the second quarter valued at approximately $1,976,000. Parametric Portfolio Associates LLC increased its stake in Semiconductor Manufacturing International Corporation by 41.3% in the first quarter. Parametric Portfolio Associates LLC now owns 213,534 shares of the semiconductor company’s stock valued at $1,341,000 after buying an additional 62,416 shares during the last quarter. Bank of Montreal Can acquired a new stake in Semiconductor Manufacturing International Corporation during the second quarter valued at approximately $1,211,000. Finally, Navellier & Associates Inc acquired a new stake in Semiconductor Manufacturing International Corporation during the first quarter valued at approximately $738,000. 0.68% of the stock is owned by hedge funds and other institutional investors.

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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.

Earnings History for Semiconductor  Manufacturing International Corporation (NYSE:SMI)

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