Semiconductor Manufacturing International’s Stock Price Drops to 26.15 HKD, Reflecting a 1.88% Decrease: A Deep Dive into SMIC’s Market Performance

Semiconductor Manufacturing International (981)

26.15 HKD -0.50 (-1.88%) Volume: 286.26M

Semiconductor Manufacturing International’s stock price stands at 26.15 HKD, witnessing a slight dip of -1.88% this trading session with a substantial trading volume of 286.26M, yet showcasing a promising year-to-date increase of +31.67%.

Latest developments on Semiconductor Manufacturing International

Recently, Semiconductor Manufacturing International Corp (SMIC) has been at the center of stock price movements due to a series of key events. The company announced a partnership with a major tech firm for the development of advanced semiconductor technology, leading to increased investor interest. However, concerns about regulatory scrutiny and trade tensions have also impacted SMIC’s stock price. Today, the stock price is fluctuating as investors react to the latest news regarding the company’s financial performance and future prospects. Overall, SMIC’s stock price movements reflect the ongoing challenges and opportunities facing the semiconductor industry.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma have been closely following Semiconductor Manufacturing International Corp (SMIC). According to Patrick Liao‘s research report titled “SMIC (981.HK): Surviving Amidst a Prolonged US-China Trade War,” SMIC’s revenue for 4Q24 is expected to be around US$2bn, with a slight reduction from 3Q24 due to year-end seasonality. Despite US sanctions on China, SMIC continues to deliver 7nm chips and is exploring 5nm production. Liao’s bullish sentiment reflects optimism about SMIC’s resilience in the face of ongoing trade tensions.

In another report by Patrick Liao, “SMIC (981.HK): Revenue and GM Continued to Trend Up in 3Q24,” the company expects solid revenue growth and stable gross margins. With an anticipated sequential revenue growth of 13% to 15% and gross margin expected between 18% and 20%, SMIC remains focused on supporting customers and accurately predicting demand. Liao’s positive outlook suggests a promising trajectory for SMIC as it navigates market challenges and maintains its competitive position.

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) appears to have a positive long-term outlook. With a high score in Value, the company is seen as having strong fundamentals and potential for growth. Additionally, its high score in Momentum suggests that it is performing well in the market currently. However, the low score in Dividend indicates that it may not be a strong option for income-seeking investors. Overall, SMIC’s scores in Growth and Resilience also indicate a moderate outlook for the company.

Semiconductor Manufacturing International Corporation operates as a semiconductor foundry, providing a range of services in the integrated circuit industry. With a focus on testing, development, design, manufacturing, packaging, and sale of integrated circuits, SMIC serves customers globally. Despite some mixed scores in the Smartkarma Smart Scores, the company’s overall outlook remains positive, with strengths in value and momentum potentially driving future growth and success in the semiconductor market.

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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma