Semiconductor Manufacturing International Corporation (SMI) Position Lowered by Highbridge Capital Management LLC

Highbridge Capital Management LLC decreased its stake in Semiconductor Manufacturing International Corporation (NYSE:SMI) by 62.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,921 shares of the semiconductor company’s stock after selling 123,003 shares during the period. Highbridge Capital Management LLC’s holdings in Semiconductor Manufacturing International were worth $411,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. First Trust Advisors LP lifted its stake in shares of Semiconductor Manufacturing International by 16.9% in the third quarter. First Trust Advisors LP now owns 405,393 shares of the semiconductor company’s stock valued at $2,254,000 after purchasing an additional 58,753 shares during the period. Northern Trust Corp lifted its stake in shares of Semiconductor Manufacturing International by 4.2% in the second quarter. Northern Trust Corp now owns 46,976 shares of the semiconductor company’s stock valued at $267,000 after purchasing an additional 1,908 shares during the period. Citigroup Inc. acquired a new position in Semiconductor Manufacturing International during the second quarter worth about $745,000. FNY Partners Fund LP acquired a new position in Semiconductor Manufacturing International during the second quarter worth about $114,000. Finally, Bank of Montreal Can acquired a new position in Semiconductor Manufacturing International during the second quarter worth about $1,211,000. Hedge funds and other institutional investors own 0.67% of the company’s stock.

A number of brokerages have issued reports on SMI. Zacks Investment Research cut shares of Semiconductor Manufacturing International from a “hold” rating to a “sell” rating in a research report on Saturday, November 18th. Jefferies Group cut shares of Semiconductor Manufacturing International from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Bank of America cut shares of Semiconductor Manufacturing International from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 15th. Daiwa Capital Markets cut shares of Semiconductor Manufacturing International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, HSBC cut shares of Semiconductor Manufacturing International from a “hold” rating to a “reduce” rating in a research report on Wednesday, November 15th. Ten equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Sell”.

Shares of Semiconductor Manufacturing International Corporation (NYSE:SMI) traded up $0.07 on Monday, reaching $7.11. 795,000 shares of the company’s stock were exchanged, compared to its average volume of 273,665. The firm has a market capitalization of $6,614.61, a PE ratio of 28.44, a P/E/G ratio of 3.73 and a beta of 0.39. Semiconductor Manufacturing International Corporation has a one year low of $4.49 and a one year high of $9.14. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.45.

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About Semiconductor Manufacturing International

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.

Institutional Ownership by Quarter for Semiconductor  Manufacturing International (NYSE:SMI)

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