Semiconductor Manufacturing Int'l (NYSE:SMI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION is one of the leading semiconductor foundries in the world and the largest and most advanced foundry in Mainland China, providing integrated circuit manufacturing service at 0.35 micron to 65 nanometer and finer line technologies. Headquartered in Shanghai, China, SMIC has a 300-millimeter wafer fabrication facility (fab) and three 200 mm wafer fabs in its Shanghai mega-fab, two 300 mm wafer fabs in its Beijing mega-fab, a 200 mm wafer fab in Tianjin, and an in-house assembly and testing facility in Chengdu. SMIC also has customer service and marketing offices in the U.S., Europe, and Japan, and a representative office in Hong Kong. In addition, SMIC manages and operates a 200 mm wafer fab in Chengdu owned by Cension Semiconductor Manufacturing Corporation and a 300 mm wafer fab under construction in Wuhan owned by Wuhan Xinxin Semiconductor Manufacturing Corporation. “

Several other research firms have also weighed in on SMI. HSBC lowered shares of Semiconductor Manufacturing Int'l from a “hold” rating to a “reduce” rating in a research note on Wednesday, November 15th. Bank of America lowered shares of Semiconductor Manufacturing Int'l from a “buy” rating to an “underperform” rating in a research note on Wednesday, November 15th. Jefferies Group lowered shares of Semiconductor Manufacturing Int'l from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Daiwa Capital Markets lowered shares of Semiconductor Manufacturing Int'l from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Credit Suisse Group lowered shares of Semiconductor Manufacturing Int'l from a “neutral” rating to an “underperform” rating in a research note on Tuesday, November 7th. Nine analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold”.

Semiconductor Manufacturing Int'l (NYSE:SMI) traded down $0.47 during trading hours on Wednesday, hitting $7.53. 525,500 shares of the stock traded hands, compared to its average volume of 316,840. The company has a market cap of $7,442.60, a price-to-earnings ratio of 30.12, a P/E/G ratio of 4.55 and a beta of 0.38. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 0.45. Semiconductor Manufacturing Int'l has a 12 month low of $4.49 and a 12 month high of $9.14.

Semiconductor Manufacturing Int'l (NYSE:SMI) last released its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported $0.03 earnings per share for the quarter. Semiconductor Manufacturing Int'l had a net margin of 7.54% and a return on equity of 4.06%. equities research analysts anticipate that Semiconductor Manufacturing Int'l will post 0.13 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aperio Group LLC grew its position in Semiconductor Manufacturing Int'l by 21.3% in the 3rd quarter. Aperio Group LLC now owns 48,611 shares of the semiconductor company’s stock valued at $271,000 after purchasing an additional 8,526 shares during the period. Navellier & Associates Inc acquired a new stake in Semiconductor Manufacturing Int'l in the 1st quarter valued at $738,000. Profund Advisors LLC grew its position in Semiconductor Manufacturing Int'l by 47.2% in the 1st quarter. Profund Advisors LLC now owns 72,690 shares of the semiconductor company’s stock valued at $456,000 after purchasing an additional 23,304 shares during the period. Bank of Montreal Can acquired a new stake in Semiconductor Manufacturing Int'l in the 2nd quarter valued at $1,211,000. Finally, Jane Street Group LLC acquired a new stake in Semiconductor Manufacturing Int'l in the 3rd quarter valued at $1,194,000. 0.67% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This story was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2018/01/17/zacks-investment-research-upgrades-semiconductor-manufacturing-intl-smi-to-hold.html.

Semiconductor Manufacturing Int'l 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.

Get a free copy of the Zacks research report on Semiconductor Manufacturing Int'l (SMI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Semiconductor Manufacturing Int'l (NYSE:SMI)

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