Semiconductor Manufacturing International Corporation (NYSE:SMI) was downgraded by equities research analysts at HSBC Holdings PLC from a “hold” rating to a “reduce” rating in a report released on Wednesday, The Fly reports.

SMI has been the topic of several other research reports. ValuEngine lowered shares of Semiconductor Manufacturing International Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Semiconductor Manufacturing International Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Citigroup Inc. lowered shares of Semiconductor Manufacturing International Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, August 10th. BNP Paribas lowered shares of Semiconductor Manufacturing International Corporation from a “hold” rating to a “reduce” rating in a research note on Wednesday, August 9th. Finally, BidaskClub lowered shares of Semiconductor Manufacturing International Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Eight analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Sell”.

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

Semiconductor Manufacturing International Corporation (NYSE:SMI) last released its earnings results on Wednesday, November 15th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. Semiconductor Manufacturing International Corporation had a net margin of 10.33% and a return on equity of 5.63%. The business had revenue of $769.70 million for the quarter, compared to analysts’ expectations of $768.43 million. Semiconductor Manufacturing International Corporation’s quarterly revenue was down .7% compared to the same quarter last year. equities research analysts predict that Semiconductor Manufacturing International Corporation will post 0.25 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/11/15/semiconductor-manufacturing-international-corporation-smi-stock-rating-lowered-by-hsbc-holdings-plc.html.

Institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Advisors LP bought a new stake in shares of Semiconductor Manufacturing International Corporation in the second quarter worth $1,976,000. Bank of Montreal Can bought a new stake in shares of Semiconductor Manufacturing International Corporation in the second quarter worth $1,211,000. Citigroup Inc. bought a new stake in shares of Semiconductor Manufacturing International Corporation in the second quarter worth $745,000. Parametric Portfolio Associates LLC increased its stake in shares of 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 worth $1,341,000 after buying an additional 62,416 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of Semiconductor Manufacturing International Corporation by 172.5% in the first quarter. UBS Group AG now owns 64,161 shares of the semiconductor company’s stock worth $403,000 after buying an additional 40,616 shares during the last quarter. Institutional investors 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)

Receive News & Ratings for Semiconductor Manufacturing International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semiconductor Manufacturing International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.