Semiconductor Manufacturing International Corporation (NYSE:SMI) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other research firms have also issued reports on SMI. J P Morgan Chase & Co lowered shares of Semiconductor Manufacturing International Corporation from an “overweight” rating to a “neutral” rating in a report on Thursday, May 11th. Macquarie lowered shares of Semiconductor Manufacturing International Corporation from an “outperform” rating to a “neutral” rating in a report on Thursday, May 11th. BidaskClub lowered shares of Semiconductor Manufacturing International Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. BNP Paribas lowered shares of Semiconductor Manufacturing International Corporation from a “hold” rating to a “reduce” rating in a report on Wednesday. Finally, Sanford C. Bernstein lowered shares of Semiconductor Manufacturing International Corporation from a “market perform” rating to an “underperform” rating in a report on Thursday. Six equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $7.97.

Semiconductor Manufacturing International Corporation (NYSE SMI) traded down 0.21% during trading on Friday, hitting $4.69. 127,840 shares of the stock were exchanged. Semiconductor Manufacturing International Corporation has a 1-year low of $4.49 and a 1-year high of $7.74. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 14.43 and a beta of 0.21. The company has a 50-day moving average price of $5.50 and a 200 day moving average price of $6.02.

Semiconductor Manufacturing International Corporation (NYSE:SMI) last released its earnings results on Tuesday, August 8th. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The firm had revenue of $751.19 million during the quarter, compared to analysts’ expectations of $757 million. Semiconductor Manufacturing International Corporation had a return on equity of 5.73% and a net margin of 10.33%. During the same period in the prior year, the company posted $0.11 earnings per share. Equities analysts predict that Semiconductor Manufacturing International Corporation will post $0.09 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. FNY Partners Fund LP acquired a new position in Semiconductor Manufacturing International Corporation during the second quarter valued at $114,000. K.J. Harrison & Partners Inc increased its position in Semiconductor Manufacturing International Corporation by 25.0% in the first quarter. K.J. Harrison & Partners Inc now owns 25,000 shares of the semiconductor company’s stock valued at $157,000 after buying an additional 5,000 shares during the last quarter. Capstone Asset Management Co. increased 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 valued at $243,000 after buying an additional 8,570 shares during the last quarter. Northern Trust Corp increased 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 valued at $267,000 after buying an additional 1,908 shares during the last quarter. Finally, Bank of America Corp DE increased 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 valued at $292,000 after buying an additional 3,437 shares during the last quarter. Institutional investors and hedge funds own 0.68% of the company’s stock.

Semiconductor Manufacturing International Corporation 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.

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

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