Morgan Stanley cut shares of Semiconductor Manufacturing Int’l (NYSE:SMI) from an equal weight rating to an underweight rating in a report released on Friday, Marketbeat.com reports.

Separately, ValuEngine downgraded shares of Semiconductor Manufacturing Int’l from a buy rating to a hold rating in a report on Friday, August 3rd. Seven equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has an average rating of Sell.

SMI stock opened at $5.43 on Friday. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 108.20 and a beta of -0.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.98 and a quick ratio of 1.69. Semiconductor Manufacturing Int’l has a 12 month low of $5.10 and a 12 month high of $9.14.

Semiconductor Manufacturing Int’l (NYSE:SMI) last released its quarterly earnings data on Thursday, August 9th. The semiconductor company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. The company had revenue of $890.71 million during the quarter, compared to the consensus estimate of $877.14 million. Semiconductor Manufacturing Int’l had a net margin of 4.72% and a return on equity of 2.28%. Semiconductor Manufacturing Int’l’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 EPS. sell-side analysts expect that Semiconductor Manufacturing Int’l will post 0.05 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can raised its holdings in Semiconductor Manufacturing Int’l by 28.4% in the 2nd quarter. Bank of Montreal Can now owns 260,884 shares of the semiconductor company’s stock valued at $1,696,000 after acquiring an additional 57,749 shares during the last quarter. Northern Trust Corp raised its holdings in Semiconductor Manufacturing Int’l by 13.4% in the 2nd quarter. Northern Trust Corp now owns 100,692 shares of the semiconductor company’s stock valued at $654,000 after acquiring an additional 11,932 shares during the last quarter. Opera Trading Capital acquired a new stake in shares of Semiconductor Manufacturing Int’l during the 2nd quarter worth approximately $650,000. Aperio Group LLC increased its holdings in shares of Semiconductor Manufacturing Int’l by 9.9% during the 1st quarter. Aperio Group LLC now owns 83,286 shares of the semiconductor company’s stock worth $550,000 after buying an additional 7,502 shares during the last quarter. Finally, Barclays PLC acquired a new stake in shares of Semiconductor Manufacturing Int’l during the 1st quarter worth approximately $391,000. Institutional investors own 0.52% of the company’s stock.

About Semiconductor Manufacturing Int’l

Semiconductor Manufacturing International Corporation, an investment holding company, engages in the computer-aided design, manufacture, testing, packaging, and trading of integrated circuits (IC) and other semiconductor services. The company offers various types of semiconductors, including logic, mixed-signal and radio frequency, power IC, microprocessor, memory related, optoelectronics, other sensors, discrete, and others.

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

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