Semiconductor Manufacturing Int'l (SMI) Releases Earnings Results

Semiconductor Manufacturing Int'l (NYSE:SMI) posted its earnings results on Thursday. The semiconductor company reported $0.05 EPS for the quarter, Briefing.com reports. The firm had revenue of $787.20 million during the quarter, compared to the consensus estimate of $791.02 million. Semiconductor Manufacturing Int'l had a return on equity of 4.06% and a net margin of 7.54%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 EPS.

Shares of Semiconductor Manufacturing Int'l (SMI) traded up $0.30 on Friday, reaching $6.38. The company had a trading volume of 474,161 shares, compared to its average volume of 368,945. The company has a market capitalization of $5,814.53, a P/E ratio of 25.52, a PEG ratio of 3.56 and a beta of 0.06. Semiconductor Manufacturing Int'l has a 12 month low of $4.49 and a 12 month high of $9.14. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.52 and a current ratio of 1.87.

SMI has been the subject of a number of research reports. Jefferies Group downgraded Semiconductor Manufacturing Int'l from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Zacks Investment Research upgraded Semiconductor Manufacturing Int'l from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Daiwa Capital Markets downgraded Semiconductor Manufacturing Int'l from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. HSBC downgraded Semiconductor Manufacturing Int'l from a “hold” rating to a “reduce” rating in a research report on Wednesday, November 15th. Finally, Bank of America downgraded Semiconductor Manufacturing Int'l from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 15th. Nine investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold”.

An institutional investor recently raised its position in Semiconductor Manufacturing Int'l stock. Northern Trust Corp increased its stake in Semiconductor Manufacturing Int'l (NYSE:SMI) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,976 shares of the semiconductor company’s stock after buying an additional 1,908 shares during the quarter. Northern Trust Corp’s holdings in Semiconductor Manufacturing Int'l were worth $267,000 as of its most recent SEC filing. 0.68% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Semiconductor Manufacturing Int'l (SMI) Releases Earnings Results” was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://sportsperspectives.com/2018/02/09/semiconductor-manufacturing-intl-smi-releases-earnings-results.html.

Semiconductor Manufacturing Int'l 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.

Earnings History for Semiconductor Manufacturing Int'l (NYSE:SMI)

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

Latest News

Leave a Reply