Semiconductor Manufacturing Int’l (NYSE:SMI) released its earnings results on Thursday. The semiconductor company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04, Briefing.com reports. The company had revenue of $890.71 million for the quarter, compared to the consensus estimate of $877.14 million. Semiconductor Manufacturing Int’l had a return on equity of 2.19% and a net margin of 4.44%. Semiconductor Manufacturing Int’l’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 earnings per share.
NYSE SMI traded down $0.13 on Friday, hitting $6.24. 297,200 shares of the company traded hands, compared to its average volume of 279,853. The company has a market capitalization of $5.47 billion, a PE ratio of 31.05 and a beta of 0.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.81 and a current ratio of 2.18. Semiconductor Manufacturing Int’l has a 52-week low of $4.50 and a 52-week high of $9.14.
Several equities analysts recently weighed in on SMI shares. ValuEngine downgraded Semiconductor Manufacturing Int’l from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Nomura upgraded Semiconductor Manufacturing Int’l from a “reduce” rating to a “neutral” rating in a research report on Friday, May 11th. Finally, Credit Suisse Group upgraded Semiconductor Manufacturing Int’l from an “underperform” rating to a “neutral” rating in a research report on Thursday, May 10th. Seven analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Semiconductor Manufacturing Int’l has a consensus rating of “Hold”.
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.
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