Semiconductor Manufacturing International Corp. (SMI) Stock Price Up 3.3%
Semiconductor Manufacturing International Corp. (NYSE:SMI)’s share price rose 3.3% during mid-day trading on Friday . The company traded as high as $5.70 and last traded at $5.69, with a volume of 102,974 shares changing hands. The stock had previously closed at $5.51.
SMI has been the topic of a number of recent analyst reports. Zacks Investment Research raised Semiconductor Manufacturing International Corp. from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a research report on Wednesday, May 18th. Citigroup Inc. raised Semiconductor Manufacturing International Corp. from a “neutral” rating to a “buy” rating in a research report on Friday, August 12th. Five analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of $5.50.
The stock’s 50 day moving average is $4.69 and its 200-day moving average is $4.35. The stock has a market cap of $625.90 million and a price-to-earnings ratio of 18.97.
Semiconductor Manufacturing International Corp. (NYSE:SMI) last issued its earnings results on Wednesday, August 10th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. During the same period in the previous year, the company earned $0.10 earnings per share. The firm earned $690.20 million during the quarter, compared to analyst estimates of $667.85 million. On average, equities research analysts predict that Semiconductor Manufacturing International Corp. will post $0.35 earnings per share for the current year.
Semiconductor Manufacturing International Corporation (SMIC) is engaged in the computer-aided design, manufacturing, testing, packaging, and trading of integrated circuits (ICs) and other semiconductor services, as well as designing and manufacturing semiconductor masks. The Company provides IC foundry and technology services at 0.35-micron to 28-nanometer.
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