Semiconductor Manufacturing Int’l (SMI) Issues Quarterly Earnings Results

Semiconductor Manufacturing Int’l (NYSE:SMI) posted its quarterly earnings results on Wednesday. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.03, Morningstar.com reports. The firm had revenue of $850.66 million for the quarter, compared to analyst estimates of $846.44 million. Semiconductor Manufacturing Int’l had a net margin of 4.72% and a return on equity of 2.28%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 earnings per share.

Semiconductor Manufacturing Int’l stock traded down $0.13 during midday trading on Friday, reaching $3.99. The stock had a trading volume of 527 shares, compared to its average volume of 369,527. Semiconductor Manufacturing Int’l has a twelve month low of $3.74 and a twelve month high of $9.12. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.69 and a current ratio of 1.98. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 87.80 and a beta of 0.34.

SMI has been the topic of several recent research reports. ValuEngine lowered shares of Semiconductor Manufacturing Int’l from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Morgan Stanley lowered shares of Semiconductor Manufacturing Int’l from an “overweight” rating to an “equal weight” rating in a research report on Monday, August 13th. Finally, Zacks Investment Research upgraded shares of Semiconductor Manufacturing Int’l from a “hold” rating to a “buy” rating and set a $4.75 price target on the stock in a research report on Thursday, October 25th. Five analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $4.75.

A number of institutional investors have recently bought and sold shares of SMI. Opera Trading Capital acquired a new position in Semiconductor Manufacturing Int’l in the 2nd quarter worth approximately $650,000. Bank of Montreal Can boosted its stake in Semiconductor Manufacturing Int’l by 28.4% in the 2nd quarter. Bank of Montreal Can now owns 260,884 shares of the semiconductor company’s stock worth $1,696,000 after purchasing an additional 57,749 shares during the period. Fox Run Management L.L.C. acquired a new position in Semiconductor Manufacturing Int’l in the 2nd quarter worth approximately $108,000. Finally, Northern Trust Corp boosted its stake in Semiconductor Manufacturing Int’l by 17.7% in the 1st quarter. Northern Trust Corp now owns 88,760 shares of the semiconductor company’s stock worth $587,000 after purchasing an additional 13,346 shares during the period. 0.51% of the stock is owned by hedge funds and other institutional investors.

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Semiconductor Manufacturing Int’l Company Profile

Semiconductor Manufacturing International Corporation, an investment holding company, engages in the computer-aided design, manufacture, testing, packaging, and trading of integrated circuits (IC) and other semiconductor services. The company offers various types of semiconductors, including logic, mixed-signal and radio frequency, power IC, microprocessor, memory related, optoelectronics, other sensors, discrete, and others.

See Also: Intrinsic Value

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

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