Stock On Watch: Semiconductor Manufacturing Int’l (ADR)’s Trend Up, Especially After Today’s Strong Session

Stock On Watch: Semiconductor Manufacturing Int'l (ADR)'s Trend Up, Especially After Today's Strong Session

The stock of Semiconductor Manufacturing Int’l (ADR) (NYSE:SMI) is a huge mover today! About 214,226 shares traded hands or 107.10% up from the average. Semiconductor Manufacturing Int’l (ADR) (NYSE:SMI) has risen 46.28% since April 4, 2016 and is uptrending. It has outperformed by 45.18% the S&P500.
The move comes after 6 months positive chart setup for the $6.43B company. It was reported on Nov, 4 by Barchart.com. We have $10.57 PT which if reached, will make NYSE:SMI worth $3.41B more.

Analysts await Semiconductor Manufacturing Int’l (ADR) (NYSE:SMI) to report earnings on November, 8. They expect $0.11 earnings per share, up 10.00% or $0.01 from last year’s $0.1 per share. SMI’s profit will be $102.36M for 15.70 P/E if the $0.11 EPS becomes a reality. After $0.11 actual earnings per share 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. The firm has “Buy” rating given on Friday, August 12 by Citigroup. The firm earned “Underperform” rating on Wednesday, August 12 by Bank of America. The firm has “Overweight” rating given on Monday, February 22 by JP Morgan. Bernstein upgraded the stock to “Outperform” rating in Thursday, August 27 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 important 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 published article titled: “Is Taiwan Semiconductor Mfg. Co. Ltd. Stock a Buy?”, 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) was released by: Fool.com and their article: “Is Qualcomm Inc. Trying to Reduce its Reliance on Taiwan Semiconductor Mfg. Co …” with publication date: December 22, 2014.

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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