Zacks Investment Research lowered shares of Semiconductor Manufacturing International (OTCMKTS:SMICY) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.
According to Zacks, “SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION is one of the leading semiconductor foundries in the world and the largest and most advanced foundry in Mainland China, providing integrated circuit manufacturing service at 0.35 micron to 65 nanometer and finer line technologies. Headquartered in Shanghai, China, SMIC has a 300-millimeter wafer fabrication facility (fab) and three 200 mm wafer fabs in its Shanghai mega-fab, two 300 mm wafer fabs in its Beijing mega-fab, a 200 mm wafer fab in Tianjin, and an in-house assembly and testing facility in Chengdu. SMIC also has customer service and marketing offices in the U.S., Europe, and Japan, and a representative office in Hong Kong. In addition, SMIC manages and operates a 200 mm wafer fab in Chengdu owned by Cension Semiconductor Manufacturing Corporation and a 300 mm wafer fab under construction in Wuhan owned by Wuhan Xinxin Semiconductor Manufacturing Corporation. “
Separately, ValuEngine lowered shares of Semiconductor Manufacturing International from a buy rating to a hold rating in a report on Wednesday, October 2nd.
Semiconductor Manufacturing International (OTCMKTS:SMICY) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.06 by $0.04. Semiconductor Manufacturing International had a net margin of 4.38% and a return on equity of 1.45%. The business had revenue of $816.45 million during the quarter, compared to analysts’ expectations of $800.01 million. As a group, analysts expect that Semiconductor Manufacturing International will post 0.13 earnings per share for the current year.
Semiconductor Manufacturing International 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. It is also involved in wafer manufacturing, wafer probing and bumping, technology development, design service, mask manufacturing, assembly and final testing of integrated circuits; and sales of self-manufactured products.
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