Semiconductor Manufacturing International Corp. (SMI) Hits New 12-Month High at $5.77
Semiconductor Manufacturing International Corp. (NYSE:SMI) reached a new 52-week high on Monday . The company traded as high as $5.77 and last traded at $5.75, with a volume of 337,906 shares. The stock had previously closed at $5.34.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Semiconductor Manufacturing International Corp. from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a research report on Saturday, August 13th. Citigroup Inc. raised Semiconductor Manufacturing International Corp. from a “neutral” rating to a “buy” rating in a research report on Friday, August 12th. Five investment analysts have rated the stock with a buy rating, Semiconductor Manufacturing International Corp. currently has an average rating of “Buy” and a consensus target price of $5.50.
The firm’s 50 day moving average price is $4.57 and its 200-day moving average price is $4.32. The company has a market cap of $642.40 million and a P/E ratio of 19.47.
Semiconductor Manufacturing International Corp. (NYSE:SMI) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.07. During the same quarter in the prior year, the company earned $0.10 earnings per share. The business had revenue of $690.20 million for the quarter, compared to analyst estimates of $667.85 million. On average, analysts predict that Semiconductor Manufacturing International Corp. will post $0.35 EPS 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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