Semiconductor Manufacturing International Corporation (NYSE:SMI) – Equities researchers at Jefferies Group cut their FY2017 EPS estimates for Semiconductor Manufacturing International Corporation in a report released on Tuesday. Jefferies Group analyst R. Wu now anticipates that the semiconductor company will post earnings of $0.25 per share for the year, down from their prior estimate of $0.31. Jefferies Group also issued estimates for Semiconductor Manufacturing International Corporation’s FY2018 earnings at $0.38 EPS and FY2020 earnings at $0.72 EPS.

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 the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Semiconductor Manufacturing International Corporation had a return on equity of 5.73% and a net margin of 10.33%. The company had revenue of $751.19 million during the quarter, compared to analysts’ expectations of $757 million. During the same quarter in the prior year, the company posted $0.11 EPS.

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Other analysts also recently issued reports about the company. ValuEngine downgraded Semiconductor Manufacturing International Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Citigroup Inc. downgraded Semiconductor Manufacturing International Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday. J P Morgan Chase & Co downgraded Semiconductor Manufacturing International Corporation from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 11th. Macquarie downgraded Semiconductor Manufacturing International Corporation from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 11th. Finally, BNP Paribas downgraded Semiconductor Manufacturing International Corporation from a “hold” rating to a “reduce” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Semiconductor Manufacturing International Corporation has a consensus rating of “Hold” and a consensus price target of $7.97.

Shares of Semiconductor Manufacturing International Corporation (SMI) opened at 4.69 on Thursday. Semiconductor Manufacturing International Corporation has a 52-week low of $4.49 and a 52-week high of $7.74. The firm has a 50-day moving average price of $5.50 and a 200 day moving average price of $6.02. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 14.43 and a beta of 0.21.

Hedge funds have recently bought and sold shares of the company. FNY Partners Fund LP purchased a new stake in Semiconductor Manufacturing International Corporation during the second quarter worth approximately $114,000. K.J. Harrison & Partners Inc increased 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. Capstone Asset Management Co. increased 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. Northern Trust Corp increased its stake in Semiconductor Manufacturing International Corporation by 4.2% in the second quarter. Northern Trust Corp now owns 46,976 shares of the semiconductor company’s stock worth $267,000 after buying an additional 1,908 shares during the last quarter. Finally, Bank of America Corp DE increased 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. Institutional investors own 0.68% of the company’s stock.

About Semiconductor Manufacturing International Corporation

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.

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