Semiconductor Manufacturing International Corporation (NYSE:SMI) was downgraded by Sanford C. Bernstein from a “market perform” rating to an “underperform” rating in a research report issued on Thursday, The Fly reports.

Other equities research analysts have also recently issued reports about the company. BidaskClub cut Semiconductor Manufacturing International Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Macquarie upgraded Semiconductor Manufacturing International Corporation from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 13th. ValuEngine upgraded Semiconductor Manufacturing International Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Citigroup Inc. cut Semiconductor Manufacturing International Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday. Finally, BNP Paribas cut Semiconductor Manufacturing International Corporation from a “hold” rating to a “reduce” rating in a research note on Wednesday. Five research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Semiconductor Manufacturing International Corporation currently has an average rating of “Hold” and a consensus target price of $7.97.

Shares of Semiconductor Manufacturing International Corporation (SMI) traded down 5.139% during trading on Thursday, reaching $4.781. 159,300 shares of the company’s stock were exchanged. Semiconductor Manufacturing International Corporation has a 52 week low of $4.49 and a 52 week high of $7.74. The stock has a market capitalization of $5.26 billion, a PE ratio of 14.711 and a beta of 0.21. The company’s 50-day moving average is $5.55 and its 200 day moving average is $6.05.

Semiconductor Manufacturing International Corporation (NYSE:SMI) last released its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $751.19 million during the quarter, compared to analyst estimates of $757 million. Semiconductor Manufacturing International Corporation had a return on equity of 5.73% and a net margin of 10.33%. During the same period in the prior year, the firm earned $0.11 EPS. On average, analysts forecast that Semiconductor Manufacturing International Corporation will post $0.09 earnings per share for the current year.

WARNING: “Sanford C. Bernstein Downgrades Semiconductor Manufacturing International Corporation (SMI) to Underperform” was published by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/08/10/sanford-c-bernstein-downgrades-semiconductor-manufacturing-international-corporation-smi-to-underperform.html.

A number of large investors have recently bought and sold shares of the stock. World Asset Management Inc boosted its stake in Semiconductor Manufacturing International Corporation by 1.9% in the first quarter. World Asset Management Inc now owns 52,711 shares of the semiconductor company’s stock worth $331,000 after buying an additional 965 shares during the last quarter. Comerica Bank boosted its stake in Semiconductor Manufacturing International Corporation by 2.1% in the first quarter. Comerica Bank now owns 48,799 shares of the semiconductor company’s stock worth $296,000 after buying an additional 997 shares during the last quarter. Bank of America Corp DE boosted its stake in Semiconductor Manufacturing International Corporation by 8.0% in the first quarter. Bank of America Corp DE now owns 46,484 shares of the semiconductor company’s stock worth $292,000 after buying an additional 3,437 shares during the last quarter. K.J. Harrison & Partners Inc boosted its stake in Semiconductor Manufacturing International Corporation by 25.0% in the first quarter. K.J. Harrison & Partners Inc now owns 25,000 shares of the semiconductor company’s stock worth $157,000 after buying an additional 5,000 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its stake in Semiconductor Manufacturing International Corporation by 28.4% in the first quarter. Capstone Asset Management Co. now owns 38,740 shares of the semiconductor company’s stock worth $243,000 after buying an additional 8,570 shares during the last quarter. Institutional investors own 0.68% of the company’s stock.

Semiconductor Manufacturing International Corporation Company Profile

Semiconductor Manufacturing International Corporation is an investment holding company principally engaged in the computer-aided design, manufacture, packaging and trading of integrated circuits (IC), as well as the provision of other semiconductor services. The Company is also involved in the design and manufacture of semiconductor masks.

The Fly

Analyst Recommendations for Semiconductor  Manufacturing International Corporation (NYSE:SMI)

Receive News & Ratings for Semiconductor Manufacturing International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semiconductor Manufacturing International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.