Semiconductor Manufacturing International’s Stock Price Dips to 25.50 HKD, Marking a 6.25% Decrease: A Look into the Tech Giant’s Performance

Semiconductor Manufacturing International (981)

25.50 HKD -1.70 (-6.25%) Volume: 349.1M

Semiconductor Manufacturing International’s stock price stands at 25.50 HKD, witnessing a dip of -6.25% this trading session with a hefty trading volume of 349.1M, despite showcasing a promising YTD growth of +28.40%.

Latest developments on Semiconductor Manufacturing International

Today, Semiconductor Manufacturing International Corp (SMIC) saw a significant increase in its stock price, gaining $12 billion in market value. This surge can be attributed to several key events leading up to this movement. One of the factors is the recent stimulus measures in China, which have boosted investor confidence in the semiconductor industry. Additionally, there is a growing push to reduce reliance on foreign chipmakers like Nvidia, leading to increased demand for domestic companies like SMIC. These developments have positively impacted SMIC’s stock performance, positioning the company as a strong player in the Asian semiconductor market.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma, such as Patrick Liao, are closely monitoring Semiconductor Manufacturing International Corp (SMIC). In a report titled “SMIC (981.HK): Surviving Amidst a Prolonged US-China Trade War,” Liao notes that despite US sanctions on China, SMIC continues to deliver advanced chips like 7nm and is exploring 5nm production. The company’s revenue for 4Q24 is expected to be around US$2bn, with a slight reduction from the previous quarter due to year-end seasonality.

In another report by Patrick Liao, “SMIC (981.HK): Revenue and GM Continued to Trend Up in 3Q24,” analysts are optimistic about SMIC’s future performance. The company expects solid revenue growth and stable gross margins, focusing on supporting customers and accurately predicting demand. With expected sequential revenue growth of 13% to 15% and gross margins between 18% and 20%, SMIC seems to be on a positive trajectory despite challenges like inventory replenishment behavior and market competition.

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 a top score in Value, the company is considered to be undervalued in the market. However, its low score in Dividend indicates that it may not be a strong option for investors seeking regular income. In terms of Growth and Resilience, SMIC received moderate scores, suggesting steady but not exceptional performance in these areas. On the other hand, the company scored high in Momentum, indicating strong upward movement in the market.

Semiconductor Manufacturing International Corporation operates as a semiconductor foundry, offering a range of integrated circuit foundry and technology services globally. The company’s Smartkarma Smart Scores highlight its potential for value and momentum in the market, despite lower scores in dividend payouts. Overall, SMIC’s outlook appears promising, with strengths in value and market momentum driving its long-term prospects in the semiconductor industry.

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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