Semiconductor Manufacturing International Corp. (NYSE:SMI)’s share price reached a new 52-week high on Monday . The stock traded as high as $5.77 and last traded at $5.75, with a volume of 337,906 shares trading hands. The stock had previously closed at $5.34.

SMI has been the topic of several research analyst reports. Citigroup Inc. raised Semiconductor Manufacturing International Corp. from a “neutral” rating to a “buy” rating in a report on Friday, August 12th. Zacks Investment Research raised Semiconductor Manufacturing International Corp. from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a report on Saturday, August 13th. Five equities research analysts have rated the stock with a buy rating, Semiconductor Manufacturing International Corp. has a consensus rating of “Buy” and a consensus target price of $5.50.

The stock has a market cap of $632.50 million and a PE ratio of 19.17. The firm’s 50-day moving average is $4.48 and its 200-day moving average is $4.30.

Semiconductor Manufacturing International Corp. (NYSE:SMI) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The business earned $690.20 million during the quarter, compared to the consensus estimate of $667.85 million. During the same period last year, the firm earned $0.10 EPS. Equities analysts predict that Semiconductor Manufacturing International Corp. will post $0.35 earnings per share for the current fiscal year.

Semiconductor Manufacturing International Corporation (SMIC) is engaged in the computer-aided design, manufacturing, testing, packaging, and trading of integrated circuits and other semiconductor services, as well as designing and manufacturing semiconductor masks. SMIC provides integrated circuit (IC) foundry and technology services at 0.35-micron to 28-nanometer.

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