Semiconductor Manufacturing International’s Stock Price Dips to 45.55 HKD, Recording a 0.98% Drop: A Detailed Analysis

Semiconductor Manufacturing International (981)

45.55 HKD -0.45 (-0.98%) Volume: 235.88M

Semiconductor Manufacturing International’s stock price stands at 45.55 HKD, witnessing a slight decrease of -0.98% this trading session, with an impressive trading volume of 235.88M. Despite the current dip, the stock has shown a robust YTD growth of +43.24%, highlighting its strong market performance.

Latest developments on Semiconductor Manufacturing International

Semiconductor Manufacturing International Corp (SMIC) has been facing challenges amidst the ongoing US-China trade tensions, with the chipmaker reporting a significant 45% profit slump in 2024. Despite a rise in quarterly revenue, SMIC highlighted the risk of chip oversupply due to weakening demand and increasing output. However, Jefferies remains optimistic about SMIC’s future, lifting its stock to buy and doubling the price target to HK$62.00. Additionally, Goldman Sachs also upgraded SMIC’s stock rating to Buy, with a target of HK$62.70. The company’s stock price movements today reflect investor sentiment following these updates, with HK-shares of SMIC climbing on a strong Q1 FY25 outlook and the anticipation of a 6% to 8% increase in revenue for the first quarter of 2025.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma have varying views on Semiconductor Manufacturing International Corp (SMIC). Scott Foster suggests that despite SMIC performing better than negative press reports indicate, the shares are currently overpriced due to uncertainties surrounding trade policies under President Trump. On the other hand, Patrick Liao is more optimistic, noting that SMIC is shifting its focus to China and reducing reliance on Europe and the US, with expectations of above-average growth in 2025. David Mudd highlights the positive market sentiment towards SMIC, attributing it to advancements in AI and localization trends in the semiconductor industry.

Travis Lundy reports strong net buying activity in tech sectors including SMIC, indicating a positive sentiment towards the company. Conversely, Nicolas Baratte takes a more cautious stance, pointing out inventory risks and poor margins faced by Chinese foundries like SMIC. These diverse perspectives provide investors with a comprehensive overview of the analyst coverage on SMIC available on Smartkarma.

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 mixed long-term outlook. While the company scores high in momentum, indicating strong performance in the market, it falls short in areas such as dividend and resilience. With a strong focus on value and growth, SMIC is positioned well for future success in the semiconductor industry.

Semiconductor Manufacturing International Corp (SMIC) operates as a semiconductor foundry, providing a range of integrated circuit foundry and technology services worldwide. Despite facing challenges in terms of dividend and resilience, the company’s emphasis on value, growth, and momentum bodes well for its long-term prospects in the industry.

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