The stock of Semiconductor Manufacturing Int’l (ADR) (NYSE:SMI) hit a new 52-week high and has $9.22 target or 42.00% above today’s $6.49 share price. The 6 months bullish chart indicates low risk for the $5.50B company. The 1-year high was reported on Nov, 1 by Barchart.com. If the $9.22 price target is reached, the company will be worth $2.31 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 198,776 shares traded hands or 114.69% up from the average. Semiconductor Manufacturing Int’l (ADR) (NYSE:SMI) has risen 36.34% since March 30, 2016 and is uptrending. It has outperformed by 33.33% the S&P500.
Analysts await Semiconductor Manufacturing Int’l (ADR) (NYSE:SMI) to report earnings on November, 8. They expect $0.11 EPS, up 10.00% or $0.01 from last year’s $0.1 per share. SMI’s profit will be $93.22M for 14.75 P/E if the $0.11 EPS becomes a reality. After $0.11 actual EPS reported by Semiconductor Manufacturing Int’l (ADR) for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Semiconductor Manufacturing Int’l (ADR) (NYSE:SMI) Ratings Coverage
Out of 3 analysts covering Semiconductor Manufacturing Int’l (NYSE:SMI), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Semiconductor Manufacturing Int’l has been the topic of 4 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Bernstein upgraded the shares of SMI in a report on Thursday, August 27 to “Outperform” rating. The company was upgraded on Monday, February 22 by JP Morgan. The firm has “Buy” rating by Citigroup given on Friday, August 12. Bank of America upgraded the stock to “Underperform” rating in Wednesday, August 12 report.
According to Zacks Investment Research, “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.”
More notable recent Semiconductor Manufacturing Int’l (ADR) (NYSE:SMI) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Fool.com with their article: “Is Taiwan Semiconductor Mfg. Co. Ltd. Stock a Buy?” published on February 16, 2016, Fool.com published: “Is This Taiwan Semiconductor Mfg. Co. Ltd. Risk Factor Playing Out?” on March 31, 2015. More interesting news about Semiconductor Manufacturing Int’l (ADR) (NYSE:SMI) were released by: Fool.com and their article: “Is Qualcomm Inc. Trying to Reduce its Reliance on Taiwan Semiconductor Mfg. Co …” published on December 22, 2014 as well as Fool.com‘s news article titled: “Do Applied Materials, Inc. Results Mean Good Things for Intel Corporation?” with publication date: May 24, 2016.
SMI Company Profile
Semiconductor Manufacturing International Corporation (SMIC), incorporated on April 3, 2000, is engaged in the computer-aided design, manufacturing, testing, packaging, and trading of integrated circuits (ICs) and other semiconductor services, as well as designing and manufacturing semiconductor masks. The Firm provides IC foundry and technology services at 0.35-micron to 28-nanometer. In addition to wafer fabrication, its service offerings include a portfolio consisting of IC design libraries, circuit design blocks, design support, mask-making, wafer probing and gold/solder bumping. The Firm makes silicon wafers based on creates provided by its clients or third party designers.
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