Semiconductor Manufacturing Int'l (SMI) Shares Up 3.3%
Semiconductor Manufacturing Int'l (NYSE:SMI) shot up 3.3% on Friday . The stock traded as high as $5.70 and last traded at $5.69, with a volume of 102,974 shares trading hands. The stock had previously closed at $5.51.
Several brokerages have weighed in on SMI. Zacks Investment Research downgraded shares of Semiconductor Manufacturing Int'l from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Citigroup Inc. upgraded shares of Semiconductor Manufacturing Int'l from a “neutral” rating to a “buy” rating in a research note on Friday, August 12th. Five investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $5.50.
The company has a market capitalization of $625.90 million and a price-to-earnings ratio of 18.97. The company has a 50 day moving average of $4.65 and a 200-day moving average of $4.34.
Semiconductor Manufacturing Int'l (NYSE:SMI) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.07. The company had revenue of $690.20 million for the quarter, compared to analyst estimates of $667.85 million. During the same quarter in the previous year, the firm posted $0.10 EPS. Analysts predict that Semiconductor Manufacturing Int'l 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 (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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