SMIC Earnings Report: 2Q Net Income Surpasses Expectations in Semiconductor Manufacturing Industry

Semiconductor Manufacturing International Corp (SMIC) on Smartkarma

Analysts on Smartkarma have provided extensive coverage of Semiconductor Manufacturing International Corp (SMIC). Shawn Yang‘s research reports have been particularly bullish, with his latest report highlighting the company’s pricing power courtesy of export restrictions, while his previous report noted that SMIC’s localization efforts are beginning to bear fruit. David Coloretti, CMT, has also been bullish, with his report targeting a 12-14% upside for the company in April/May 2023.

The reports have highlighted SMIC’s ability to supply sanctioned firms with 14/7nm nodes, which provides them with significant pricing power. This, coupled with normalizing fabless inventory levels and stabilized smartphone demand, is expected to improve overall demand in the second half of this year. In addition, the company’s localization efforts are beginning to pay off, with SMIC continuing to receive wafer orders for new IC products despite high-inventory levels at most clients.

A look at Semiconductor Manufacturing International Corp (SMIC) 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

Semiconductor Manufacturing International Corporation (SMIC) is a semiconductor foundry, providing integrated circuit foundry and technology services such as testing, development, design, manufacturing, packaging, and sale of integrated circuits. SMIC has a strong long-term outlook, as evidenced by its Smartkarma Smart Scores. The company has a high Value score of 5, indicating a strong financial position and the potential for strong returns on investment. SMIC also has a high Growth score of 5, indicating that the company is likely to continue to grow in the future. The Resilience and Momentum scores are both 4, indicating a solid track record and the potential for continued success. Unfortunately, the company has a low Dividend score of 1, so investors should not expect to receive dividends from SMIC.

Overall, SMIC is in a strong position for the future. It has a strong financial position, a track record of success, and potential for growth. Its low dividend score may be a deterrent to some investors, but its strong scores in other areas indicate a promising future for the company.

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