Semiconductor Manufacturing International Corporation (SMI) Set to Announce Earnings on Wednesday

Semiconductor Manufacturing International Corporation (NYSE:SMI) will be posting its quarterly earnings results before the market opens on Wednesday, November 15th. Analysts expect Semiconductor Manufacturing International Corporation to post earnings of $0.01 per share and revenue of $768.43 million for the quarter.

Shares of Semiconductor Manufacturing International Corporation (NYSE:SMI) traded up $0.32 during midday trading on Tuesday, reaching $9.06. 662,400 shares of the company traded hands, compared to its average volume of 241,589. The firm has a market cap of $8,131.04, a P/E ratio of 25.71, a price-to-earnings-growth ratio of 1.94 and a beta of 0.40. The company has a current ratio of 1.65, a quick ratio of 1.35 and a debt-to-equity ratio of 0.43. Semiconductor Manufacturing International Corporation has a 1-year low of $4.49 and a 1-year high of $9.14.

A hedge fund recently raised its stake in Semiconductor Manufacturing International Corporation stock. Northern Trust Corp grew its stake in Semiconductor Manufacturing International Corporation (NYSE:SMI) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,976 shares of the semiconductor company’s stock after acquiring an additional 1,908 shares during the quarter. Northern Trust Corp’s holdings in Semiconductor Manufacturing International Corporation were worth $267,000 at the end of the most recent quarter. 0.68% of the stock is owned by institutional investors.

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Several research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Semiconductor Manufacturing International Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. BidaskClub downgraded shares of Semiconductor Manufacturing International Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Mizuho downgraded shares of Semiconductor Manufacturing International Corporation from a “buy” rating to an “underperform” rating in a research report on Monday, October 16th. Credit Suisse Group downgraded shares of Semiconductor Manufacturing International Corporation from a “neutral” rating to an “underperform” rating in a research report on Tuesday, November 7th. Finally, ValuEngine upgraded shares of Semiconductor Manufacturing International Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Seven investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold”.

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.

Earnings History for Semiconductor  Manufacturing International Corporation (NYSE:SMI)

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