Trading was heavy with 97K shares changing hands by the end of trading on Tuesday. Volume was up 338.36% over the stocks average daily volume.
Here are some other firms who have updated their holdings. As of the end of the quarter Morgan Stanley had acquired a total of 505 shares growing its holdings by 44.7%. The value of the investment in SMI increased from $6,000 to $10,000 a change of 66.7% for the reporting period. Invesco Ltd. added to its ownership by buying 7,186 shares an increase of 5.2% as of 03/31/2017. Invesco Ltd. controls 144,686 shares with a value of $909,000. The value of the position overall is down by 13.3%.
As of quarter end Ajo, Lp had sold 10,244 shares trimming its stake by 26.9%. The value of the investment in (SMI) went from $290,000 to $175,000 a change of $115,000 since the last quarter. Bank Of America Corp /de/ cut its holdings by selling 1,095 shares a decrease of 94.8%. Bank Of America Corp /de/ claims 60 shares valued at $0. The total value of its holdings decreased 100.0%.
On February 22 the company was changed to a “Overweight” by JP Morgan which is up from the previous “Neutral” rating. On August 27 the company was upgraded from “” to “Outperform” in an announcement from Bernstein.
April 29 investment analysts at Topeka Capital maintained a company rating of “Buy” and moved down the price target to $5.00 from $6.00.
The company is so far trading up since yesterday’s close of $5.47. Company chares are trading at $5.48 marginally over the 50 day moving average which is $5.33 and a bit lower than the 200 day moving average of $6.32. The 50 day moving average moved up $0.15 and the 200 day average was down $-0.84.
The P/E ratio is currently 14.23 and the market cap of the company is 6.03B. In the last earnings report the EPS was $0.38 and is projected to be $0.09 for the current year with 1,100,000,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.07 with next year’s EPS anticipated to be $0.24.
Semiconductor Manufacturing International Corporation (SMIC), launched on April 3, 2000, is involved 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 Company 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 Company manufactures silicon wafers based on designs provided by its customers or third party designers..