BidaskClub lowered shares of Semiconductor Manufacturing International Corporation (NYSE:SMI) from a sell rating to a strong sell rating in a report published on Thursday.

A number of other equities analysts have also weighed in on SMI. ValuEngine upgraded shares of Semiconductor Manufacturing International Corporation from a buy rating to a strong-buy rating in a research report on Tuesday, July 25th. J P Morgan Chase & Co lowered shares of Semiconductor Manufacturing International Corporation from an overweight rating to a neutral rating in a report on Thursday, May 11th. Macquarie lowered shares of Semiconductor Manufacturing International Corporation from an outperform rating to a neutral rating in a report on Thursday, May 11th. Finally, Deutsche Bank AG lowered shares of Semiconductor Manufacturing International Corporation from a hold rating to a sell rating in a report on Wednesday, April 5th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and an average target price of $7.97.

Shares of Semiconductor Manufacturing International Corporation (NYSE SMI) traded up 0.55% on Thursday, hitting $5.50. 33,723 shares of the company were exchanged. Semiconductor Manufacturing International Corporation has a 52-week low of $4.05 and a 52-week high of $7.74. The stock has a market capitalization of $6.05 billion, a PE ratio of 14.29 and a beta of 0.22. The firm’s 50-day moving average is $5.53 and its 200-day moving average is $6.15.

Semiconductor Manufacturing International Corporation (NYSE:SMI) last posted its quarterly earnings results on Wednesday, May 10th. The semiconductor company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $793.09 million for the quarter. Semiconductor Manufacturing International Corporation had a return on equity of 7.10% and a net margin of 12.53%. Equities research analysts predict that Semiconductor Manufacturing International Corporation will post $0.09 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the stock. Navellier & Associates Inc purchased a new position in Semiconductor Manufacturing International Corporation during the first quarter valued at $738,000. Profund Advisors LLC raised its position in Semiconductor Manufacturing International Corporation by 47.2% in the first quarter. Profund Advisors LLC now owns 72,690 shares of the semiconductor company’s stock valued at $456,000 after buying an additional 23,304 shares during the last quarter. K.J. Harrison & Partners Inc raised its position in Semiconductor Manufacturing International Corporation by 25.0% in the first quarter. K.J. Harrison & Partners Inc now owns 25,000 shares of the semiconductor company’s stock valued at $157,000 after buying an additional 5,000 shares during the last quarter. Capstone Asset Management Co. raised its position in Semiconductor Manufacturing International Corporation by 28.4% in the first quarter. Capstone Asset Management Co. now owns 38,740 shares of the semiconductor company’s stock valued at $243,000 after buying an additional 8,570 shares during the last quarter. Finally, Comerica Bank raised its position in Semiconductor Manufacturing International Corporation by 13.0% in the fourth quarter. Comerica Bank now owns 47,802 shares of the semiconductor company’s stock valued at $334,000 after buying an additional 5,494 shares during the last quarter. Institutional investors own 0.69% 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.

Analyst Recommendations for Semiconductor  Manufacturing International Corporation (NYSE:SMI)

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