Shares of Semiconductor Manufacturing International Corporation (NYSE:SMI) have been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $8.68.

Several research analysts recently weighed in on SMI shares. ValuEngine cut Semiconductor Manufacturing International Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Sanford C. Bernstein cut Semiconductor Manufacturing International Corporation from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 10th. BNP Paribas cut Semiconductor Manufacturing International Corporation from a “hold” rating to a “reduce” rating in a research report on Wednesday, August 9th. Citigroup Inc. cut Semiconductor Manufacturing International Corporation from a “buy” rating to a “neutral” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research upgraded Semiconductor Manufacturing International Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th.

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Semiconductor Manufacturing International Corporation (NYSE:SMI) last released its earnings results on Tuesday, August 8th. The semiconductor company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). Semiconductor Manufacturing International Corporation had a return on equity of 5.63% and a net margin of 10.33%. The firm had revenue of $751.19 million for the quarter, compared to analyst estimates of $757.00 million. During the same period last year, the firm earned $0.11 EPS.

Several institutional investors have recently bought and sold shares of SMI. FNY Partners Fund LP purchased a new stake in shares of Semiconductor Manufacturing International Corporation in the second quarter valued at approximately $114,000. Northern Trust Corp increased its position in shares of Semiconductor Manufacturing International Corporation by 4.2% in the second quarter. Northern Trust Corp now owns 46,976 shares of the semiconductor company’s stock valued at $267,000 after buying an additional 1,908 shares in the last quarter. Bank of America Corp DE increased its position in shares of Semiconductor Manufacturing International Corporation by 8.0% in the first quarter. Bank of America Corp DE now owns 46,484 shares of the semiconductor company’s stock valued at $292,000 after buying an additional 3,437 shares in the last quarter. Highbridge Capital Management LLC purchased a new stake in shares of Semiconductor Manufacturing International Corporation in the first quarter valued at approximately $308,000. Finally, UBS Group AG increased its position in shares of Semiconductor Manufacturing International Corporation by 172.5% in the first quarter. UBS Group AG now owns 64,161 shares of the semiconductor company’s stock valued at $403,000 after buying an additional 40,616 shares in the last quarter. Institutional investors and hedge funds own 0.70% 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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