Citigroup Downgrades Semiconductor Manufacturing Int'l (SMI) to Sell

Semiconductor Manufacturing Int'l (NYSE:SMI) was downgraded by research analysts at Citigroup from a “neutral” rating to a “sell” rating in a report released on Sunday, The Fly reports.

SMI has been the subject of a number of other reports. Mizuho lowered Semiconductor Manufacturing Int'l from a “buy” rating to an “underperform” rating in a research report on Monday, October 16th. Credit Suisse Group lowered Semiconductor Manufacturing Int'l from a “neutral” rating to an “underperform” rating in a research report on Tuesday, November 7th. Zacks Investment Research raised Semiconductor Manufacturing Int'l from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Daiwa Capital Markets lowered Semiconductor Manufacturing Int'l from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Jefferies Group lowered Semiconductor Manufacturing Int'l from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Eleven analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Sell”.

Semiconductor Manufacturing Int'l (NYSE:SMI) traded up $0.30 during mid-day trading on Friday, hitting $6.38. The stock had a trading volume of 474,161 shares, compared to its average volume of 370,605. Semiconductor Manufacturing Int'l has a 1 year low of $4.49 and a 1 year high of $9.14. The company has a market cap of $6,130.00, a price-to-earnings ratio of 35.44, a PEG ratio of 3.63 and a beta of 0.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.52 and a current ratio of 1.87.

Semiconductor Manufacturing Int'l (NYSE:SMI) last issued its earnings results on Thursday, February 8th. The semiconductor company reported $0.05 EPS for the quarter. Semiconductor Manufacturing Int'l had a positive return on equity of 3.84% and a negative net margin of 0.22%. The business had revenue of $787.20 million during the quarter, compared to analyst estimates of $791.02 million. During the same period in the previous year, the company posted $0.11 EPS. The firm’s revenue was down 3.4% compared to the same quarter last year. equities analysts forecast that Semiconductor Manufacturing Int'l will post 0.12 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Aperio Group LLC boosted its stake in Semiconductor Manufacturing Int'l by 12.7% during the 4th quarter. Aperio Group LLC now owns 75,784 shares of the semiconductor company’s stock valued at $649,000 after purchasing an additional 8,521 shares during the last quarter. Bank of Montreal Can boosted its stake in Semiconductor Manufacturing Int'l by 33.6% during the 4th quarter. Bank of Montreal Can now owns 272,316 shares of the semiconductor company’s stock valued at $2,331,000 after purchasing an additional 68,550 shares during the last quarter. First Trust Advisors LP boosted its stake in Semiconductor Manufacturing Int'l by 16.9% during the 3rd quarter. First Trust Advisors LP now owns 405,393 shares of the semiconductor company’s stock valued at $2,254,000 after purchasing an additional 58,753 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Semiconductor Manufacturing Int'l by 4.2% during the 2nd quarter. Northern Trust Corp now owns 46,976 shares of the semiconductor company’s stock valued at $267,000 after purchasing an additional 1,908 shares during the last quarter. Institutional investors and hedge funds own 0.68% of the company’s stock.

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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.

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

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