Semiconductor Manufacturing International’s Stock Price Stands at 38.00 HKD, Experiencing a Slight Dip of -0.39%

Semiconductor Manufacturing International (981)

38.00 HKD -0.15 (-0.39%) Volume: 37.49M

Semiconductor Manufacturing International’s stock price currently stands at 38.00 HKD, experiencing a slight dip of -0.39% in this trading session amidst a trading volume of 37.49M. However, the stock demonstrates a robust YTD performance with a positive surge of +19.50%, indicating steady growth and resilience in the semiconductor market.

Latest developments on Semiconductor Manufacturing International

Today, Semiconductor Manufacturing International Corp (SMIC) saw a significant drop in its stock price following reports of a potential ban on the company by the United States. This news comes after tensions between the US and China have been escalating, with the US government imposing restrictions on Chinese technology companies. SMIC, which is China’s largest semiconductor manufacturer, has been caught in the crossfire as the US seeks to limit China’s technological advancement. Investors are now closely monitoring the situation as the stock price continues to fluctuate based on the unfolding geopolitical issues.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma are closely covering Semiconductor Manufacturing International Corp (SMIC) with varying sentiments. David Mudd‘s bullish report highlights the company’s benefits from AI advances and the localization trend in the semiconductor industry, projecting a 23% upside over 12 months. Travis Lundy’s bullish insight notes significant buying activity in tech, with SMIC being a big buy alongside Xiaomi, indicating a positive sentiment towards the company. However, Nicolas Baratte’s bearish analysis raises concerns about poor margins and inventory risks faced by Chinese foundries like SMIC, suggesting a more cautious outlook.

On the positive side, Patrick Liao’s bullish report on SMIC forecasts steady revenue growth and gross margin improvement, driven by AI focus and capacity expansion plans. Despite some bearish sentiments, the overall analyst coverage on Smartkarma reflects a mix of optimism and caution regarding Semiconductor Manufacturing International Corp (SMIC), providing investors with valuable insights to make informed decisions.

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 promising long-term outlook. With a high Value score of 5, the company is considered to be undervalued in the market. This indicates that there is potential for growth in the company’s stock price. Additionally, SMIC has a strong Momentum score of 5, suggesting that the company is performing well in terms of market trends and investor sentiment.

However, it is important to note that SMIC has lower scores in other areas such as Dividend, Growth, and Resilience. With a Dividend score of 1, the company may not be attractive to income-seeking investors. The Growth score of 3 indicates moderate growth potential, while the Resilience score of 2 suggests that the company may face challenges in adapting to market changes. Overall, SMIC’s outlook is positive, but investors should consider these factors when making investment decisions.

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.
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