Semiconductor Manufacturing International Corporation (NYSE:SMI) was downgraded by investment analysts at Bank of America Corporation from a “buy” rating to an “underperform” rating in a research report issued on Wednesday, The Fly reports.

Several other research analysts have also recently issued reports on the stock. ValuEngine upgraded shares of Semiconductor Manufacturing International Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Semiconductor Manufacturing International Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Credit Suisse Group cut shares of Semiconductor Manufacturing International Corporation from a “neutral” rating to an “underperform” rating in a report on Tuesday, November 7th. Mizuho cut shares of Semiconductor Manufacturing International Corporation from a “buy” rating to an “underperform” rating in a report on Monday, October 16th. Finally, Citigroup Inc. cut shares of Semiconductor Manufacturing International Corporation from a “buy” rating to a “neutral” rating in a report on Thursday, August 10th. Nine equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Sell”.

Shares of Semiconductor Manufacturing International Corporation (NYSE SMI) traded down $1.16 during trading on Wednesday, reaching $7.90. 1,759,100 shares of the company’s stock traded hands, compared to its average volume of 248,490. The company has a current ratio of 1.65, a quick ratio of 1.35 and a debt-to-equity ratio of 0.43. Semiconductor Manufacturing International Corporation has a one year low of $4.49 and a one year high of $9.14. The company has a market cap of $8,428.75, a PE ratio of 26.65, a price-to-earnings-growth ratio of 2.01 and a beta of 0.40.

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Several large investors have recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its holdings in shares of Semiconductor Manufacturing International Corporation by 16.9% in the 3rd quarter. First Trust Advisors LP now owns 405,393 shares of the semiconductor company’s stock valued at $2,254,000 after buying an additional 58,753 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Semiconductor Manufacturing International Corporation by 41.3% in the 1st 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 in the last quarter. Bank of Montreal Can bought a new stake in shares of Semiconductor Manufacturing International Corporation in the 2nd quarter valued at about $1,211,000. Citigroup Inc. bought a new stake in shares of Semiconductor Manufacturing International Corporation in the 2nd quarter valued at about $745,000. Finally, UBS Group AG boosted its holdings 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 buying an additional 40,616 shares in the last quarter. Institutional investors and hedge funds 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.

The Fly

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

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