Semiconductor Manufacturing Int'l (SMI) Downgraded by JPMorgan Chase & Co. to “Underweight”

Semiconductor Manufacturing Int'l (NYSE:SMI) was downgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a note issued to investors on Sunday, The Fly reports.

A number of other equities research analysts also recently weighed in on SMI. Mizuho downgraded Semiconductor Manufacturing Int'l from a “buy” rating to an “underperform” rating in a research report on Monday, October 16th. Credit Suisse Group downgraded Semiconductor Manufacturing Int'l from a “neutral” rating to an “underperform” rating in a report on Tuesday, November 7th. HSBC downgraded Semiconductor Manufacturing Int'l from a “hold” rating to a “reduce” rating in a report on Wednesday, November 15th. Daiwa Capital Markets downgraded Semiconductor Manufacturing Int'l from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Bank of America downgraded Semiconductor Manufacturing Int'l from a “buy” rating to an “underperform” rating in a report on Wednesday, November 15th. Eleven research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Sell”.

Semiconductor Manufacturing Int'l (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. The company has a market capitalization of $6,130.00, a P/E ratio of 35.44, a P/E/G ratio of 3.63 and a beta of 0.06. Semiconductor Manufacturing Int'l has a 12 month low of $4.49 and a 12 month high of $9.14. 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 Int'l (NYSE:SMI) last released its earnings results on Thursday, February 8th. The semiconductor company reported $0.05 earnings per share for the quarter. The company had revenue of $787.20 million during the quarter, compared to the consensus estimate of $791.02 million. Semiconductor Manufacturing Int'l had a positive return on equity of 3.84% and a negative net margin of 0.22%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share. analysts predict that Semiconductor Manufacturing Int'l will post 0.12 EPS for the current year.

Several institutional investors have recently made changes to their positions in the business. First Trust Advisors LP increased its holdings in shares of Semiconductor Manufacturing Int'l by 16.9% in the third quarter. First Trust Advisors LP now owns 405,393 shares of the semiconductor company’s stock worth $2,254,000 after acquiring an additional 58,753 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Semiconductor Manufacturing Int'l by 33.6% in the fourth quarter. Bank of Montreal Can now owns 272,316 shares of the semiconductor company’s stock worth $2,331,000 after acquiring an additional 68,550 shares in the last quarter. Aperio Group LLC increased its holdings in shares of Semiconductor Manufacturing Int'l by 12.7% in the fourth quarter. Aperio Group LLC now owns 75,784 shares of the semiconductor company’s stock worth $649,000 after acquiring an additional 8,521 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Semiconductor Manufacturing Int'l 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 acquiring an additional 1,908 shares in the last quarter. Institutional investors own 0.68% of the company’s stock.

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About Semiconductor Manufacturing Int'l

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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