Shares of Semiconductor Manufacturing International Corp. (NYSE:SMI) were down 1.6% on Monday . The stock traded as low as $5.50 and last traded at $5.52, with a volume of 99,266 shares changing hands. The stock had previously closed at $5.61.

Several analysts have weighed in on SMI shares. 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 target price on the stock in a report on Saturday, August 13th. Five research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of $5.50.

The firm’s 50 day moving average is $5.14 and its 200-day moving average is $4.45. The stock has a market cap of $610.50 million, a P/E ratio of 18.50 and a beta of 0.91.

Semiconductor Manufacturing International Corp. (NYSE:SMI) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.07. Semiconductor Manufacturing International Corp. had a return on equity of 6.46% and a net margin of 11.19%. The business earned $690.20 million during the quarter, compared to analyst estimates of $667.85 million. During the same quarter in the previous year, the firm posted $0.10 EPS. On average, equities research analysts forecast that Semiconductor Manufacturing International Corp. will post $0.35 EPS for the current fiscal year.

A hedge fund recently raised its stake in Semiconductor Manufacturing International Corp. stock. World Asset Management Inc raised its stake in shares of Semiconductor Manufacturing International Corp. (NYSE:SMI) by 8.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,117 shares of the company’s stock after buying an additional 4,073 shares during the period. World Asset Management Inc’s holdings in Semiconductor Manufacturing International Corp. were worth $211,000 as of its most recent filing with the SEC. 1.05% of the stock is owned by institutional investors and hedge funds.

About Semiconductor Manufacturing International Corp.

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.

5 Day Chart for NYSE:SMI

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