Semiconductor Manufacturing International Corporation (NYSE:SMI) has earned a consensus recommendation of “Sell” from the sixteen analysts that are covering the firm, Marketbeat Ratings reports. Ten 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 company.

A number of equities analysts recently issued reports on SMI shares. Zacks Investment Research upgraded Semiconductor Manufacturing International from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Mizuho lowered Semiconductor Manufacturing International from a “buy” rating to an “underperform” rating in a research report on Monday, October 16th. Credit Suisse Group lowered Semiconductor Manufacturing International from a “neutral” rating to an “underperform” rating in a research report on Tuesday, November 7th. HSBC lowered Semiconductor Manufacturing International from a “hold” rating to a “reduce” rating in a research report on Wednesday, November 15th. Finally, Daiwa Capital Markets lowered Semiconductor Manufacturing International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FNY Partners Fund LP acquired a new position in Semiconductor Manufacturing International during the 2nd quarter valued at about $114,000. Northern Trust Corp boosted its stake in shares of Semiconductor Manufacturing International by 4.2% in the second quarter. Northern Trust Corp now owns 46,976 shares of the semiconductor company’s stock worth $267,000 after buying an additional 1,908 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Semiconductor Manufacturing International by 8.0% in the first quarter. Bank of America Corp DE now owns 46,484 shares of the semiconductor company’s stock worth $292,000 after buying an additional 3,437 shares during the last quarter. Citigroup Inc. purchased a new stake in shares of Semiconductor Manufacturing International in the second quarter worth about $745,000. Finally, First Trust Advisors LP purchased a new stake in shares of Semiconductor Manufacturing International in the second quarter worth about $1,976,000. 0.67% of the stock is owned by hedge funds and other institutional investors.

Semiconductor Manufacturing International (NYSE SMI) traded up $0.32 during trading hours on Friday, reaching $7.88. The company’s stock had a trading volume of 561,504 shares, compared to its average volume of 546,871. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.45. Semiconductor Manufacturing International has a 1-year low of $4.49 and a 1-year high of $9.14. The company has a market cap of $7,710.00, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 3.99 and a beta of 0.39.

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About Semiconductor Manufacturing International

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.

Analyst Recommendations for Semiconductor  Manufacturing International (NYSE:SMI)

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