Semiconductor Manufacturing Int’l (SMI) Shares Sold by Granite Point Capital Management L.P.

Granite Point Capital Management L.P. cut its holdings in Semiconductor Manufacturing Int’l (NYSE:SMI) by 75.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,300 shares of the semiconductor company’s stock after selling 75,700 shares during the quarter. Granite Point Capital Management L.P.’s holdings in Semiconductor Manufacturing Int’l were worth $104,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp raised its stake in Semiconductor Manufacturing Int’l by 13.4% in the second quarter. Northern Trust Corp now owns 100,692 shares of the semiconductor company’s stock valued at $654,000 after buying an additional 11,932 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in Semiconductor Manufacturing Int’l in the third quarter valued at about $271,000. Finally, Wetherby Asset Management Inc. purchased a new stake in Semiconductor Manufacturing Int’l in the fourth quarter valued at about $43,000. Institutional investors own 0.47% of the company’s stock.

Several research analysts have recently issued reports on the company. ValuEngine cut Semiconductor Manufacturing Int’l from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. Zacks Investment Research cut Semiconductor Manufacturing Int’l from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.75.

Shares of NYSE:SMI opened at $4.75 on Monday. Semiconductor Manufacturing Int’l has a 52-week low of $3.74 and a 52-week high of $7.37. The stock has a market capitalization of $4.42 billion, a PE ratio of 23.75, a PEG ratio of 475.00 and a beta of 0.68. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.10 and a quick ratio of 1.82.

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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.

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Institutional Ownership by Quarter for Semiconductor Manufacturing Int`l (NYSE:SMI)

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