The stock of Semiconductor Manufacturing Int’l (ADR) (NYSE:SMI) is a huge mover today! About 71,226 shares traded hands. Semiconductor Manufacturing Int’l (ADR) (NYSE:SMI) has risen 45.01% since April 18, 2016 and is uptrending. It has outperformed by 40.58% the S&P500.
The move comes after 7 months positive chart setup for the $5.72 billion company. It was reported on Nov, 18 by Barchart.com. We have $11.48 PT which if reached, will make NYSE:SMI worth $3.95B more.
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 stock has “Buy” rating given by Citigroup on Friday, August 12. The company was upgraded on Monday, February 22 by JP Morgan. Bernstein upgraded Semiconductor Manufacturing Int’l (ADR) (NYSE:SMI) on Thursday, August 27 to “Outperform” rating. The rating was upgraded by Bank of America on Wednesday, August 12 to “Underperform”.
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 news for Semiconductor Manufacturing Int’l (ADR) (NYSE:SMI) were recently published by: Quotes.Wsj.com, which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Nasdaq.com‘s article titled: “Mid-Morning Market Update: Crude Oil Down Over 2.5%; Harman Shares Surge …” and published on November 14, 2016 is yet another important article.
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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