Semiconductor Manufacturing Int’l (NYSE:SMI) Research Coverage Started at Goldman Sachs Group

Goldman Sachs Group started coverage on shares of Semiconductor Manufacturing Int’l (NYSE:SMI) in a report issued on Tuesday, May 7th, The Fly reports. The brokerage issued a neutral rating on the semiconductor company’s stock.

Other research analysts also recently issued reports about the company. Daiwa Capital Markets downgraded Semiconductor Manufacturing Int’l from a hold rating to a sell rating in a research note on Friday, February 15th. Zacks Investment Research upgraded Semiconductor Manufacturing Int’l from a hold rating to a buy rating and set a $5.75 price target for the company in a research note on Saturday, February 16th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Semiconductor Manufacturing Int’l presently has an average rating of Hold and a consensus target price of $5.75.

Shares of NYSE SMI traded up $0.17 during mid-day trading on Tuesday, hitting $5.88. The stock had a trading volume of 839,387 shares, compared to its average volume of 428,502. The company has a quick ratio of 1.92, a current ratio of 2.15 and a debt-to-equity ratio of 0.29. Semiconductor Manufacturing Int’l has a 1 year low of $3.74 and a 1 year high of $7.37. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 39.20, a PEG ratio of 116.40 and a beta of 0.81.

Semiconductor Manufacturing Int’l (NYSE:SMI) last released its quarterly earnings results on Wednesday, May 8th. The semiconductor company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.04. Semiconductor Manufacturing Int’l had a net margin of 2.82% and a return on equity of 1.08%. The business had revenue of $668.90 million for the quarter, compared to analysts’ expectations of $658.94 million. During the same quarter in the previous year, the business posted $0.01 earnings per share. The firm’s revenue for the quarter was down 19.5% compared to the same quarter last year. Equities research analysts anticipate that Semiconductor Manufacturing Int’l will post 0.05 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wetherby Asset Management Inc. bought a new position in shares of Semiconductor Manufacturing Int’l during the 4th quarter valued at approximately $43,000. Quadrant Capital Group LLC boosted its position in shares of Semiconductor Manufacturing Int’l by 94.7% during the 1st quarter. Quadrant Capital Group LLC now owns 16,843 shares of the semiconductor company’s stock valued at $83,000 after acquiring an additional 8,194 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Semiconductor Manufacturing Int’l during the 4th quarter valued at approximately $135,000. Millennium Management LLC boosted its position in shares of Semiconductor Manufacturing Int’l by 271.9% during the 4th quarter. Millennium Management LLC now owns 91,495 shares of the semiconductor company’s stock valued at $392,000 after acquiring an additional 66,896 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Semiconductor Manufacturing Int’l by 24.6% during the 4th quarter. Northern Trust Corp now owns 115,873 shares of the semiconductor company’s stock valued at $495,000 after buying an additional 22,901 shares during the period. Hedge funds and other institutional investors own 0.53% of the company’s stock.

Semiconductor Manufacturing Int’l Company Profile

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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