Semiconductor Manufacturing International’s Stock Price Climbs to 44.70 HKD, Marking a 0.90% Uptrend

Semiconductor Manufacturing International (981)

44.70 HKD +0.40 (+0.90%) Volume: 107.24M

Semiconductor Manufacturing International’s stock price stands strong at 44.70 HKD, marking a positive trading session with an increase of +0.90%. With a high trading volume of 107.24M and a significant year-to-date increase of +40.57%, this company’s performance continues to impress in the stock market.

Latest developments on Semiconductor Manufacturing International

Despite Semiconductor Manufacturing International Corp (SMIC) recently reporting record revenue, their profits have halved. This news comes amidst a backdrop of various events impacting the semiconductor industry. China’s top 10 chip companies are making waves, while global top foundries have set a new revenue record. SMIC has also granted over 2.8 million RSUs to key personnel as part of their 2024 plan. In addition, Japan is investing a significant amount into chipmaker Rapidus, and Taiwan is investigating SMIC and other Chinese firms for alleged illegal tech recruitment. Despite challenges and high costs, Huawei is backing SMIC’s 5nm chip production. The industry is facing further scrutiny as China’s involvement in a Taiwan chip heist scandal unfolds.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma have differing views on Semiconductor Manufacturing International Corp (SMIC). Patrick Liao‘s bullish perspective focuses on the potential for continued creative developments in AI applications like Deepseek’s solution, despite NVIDIA’s dominance in the field. On the other hand, Scott Foster takes a bearish stance, cautioning investors that SMIC shares are too expensive given the uncertainty surrounding Donald Trump’s trade policy. Despite the conflicting views, both analysts provide valuable insights for investors to consider.

Furthermore, the positive sentiment towards SMIC is echoed in David Mudd’s report, highlighting the company’s benefits from AI advances and the localization trend in the semiconductor industry. Additionally, Travis Lundy’s analysis of the HK Connect SOUTHBOUND Flows reveals significant net buying activity in tech, with SMIC being one of the big buys in the market. These reports shed light on the diverse opinions and market trends surrounding SMIC, offering investors a comprehensive view of the company’s outlook and potential opportunities.

A look at Semiconductor Manufacturing International Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Semiconductor Manufacturing International Corp (SMIC) has a positive long-term outlook. With high scores in Value, Resilience, and Momentum, the company is positioned well for growth and stability in the semiconductor industry. While the Dividend score is lower, the strong performance in Growth and Momentum indicates potential for future success.

Semiconductor Manufacturing International Corp (SMIC) operates as a semiconductor foundry, providing a range of integrated circuit foundry and technology services globally. With a focus on value, resilience, and momentum, SMIC is well-positioned to continue its development, manufacturing, and sale of integrated circuits. The company’s strong presence in the industry suggests a promising future ahead.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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