Semiconductor Manufacturing International’s Stock Price Skyrockets to 27.35 HKD, Notching a Hefty 29.31% Gain

Semiconductor Manufacturing International (981)

27.35 HKD +6.20 (+29.31%) Volume: 268.65M

Semiconductor Manufacturing International’s stock price soared to 27.35 HKD, a remarkable surge of +29.31% in the latest trading session, backed by a hefty trading volume of 268.65M. The company’s stock has been performing impressively, with a YTD increase of +37.71%, making it a focus of investor interest in the semiconductor industry.

Latest developments on Semiconductor Manufacturing International

Today, Semiconductor Manufacturing International Corp (SMIC) stock price saw significant movements following the announcement of their partnership with a major tech company for the development of advanced semiconductor technology. This news comes after SMIC reported strong quarterly earnings, surpassing analyst expectations. Investors have reacted positively to these developments, driving up the stock price by several percentage points. Additionally, speculation surrounding potential supply chain disruptions due to geopolitical tensions has also impacted SMIC’s stock performance. Overall, the company continues to navigate a volatile market while positioning itself as a key player in the semiconductor industry.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma, such as Patrick Liao, have been closely following Semiconductor Manufacturing International Corp (SMIC). In a recent report titled “SMIC (981.HK): Surviving Amidst a Prolonged US-China Trade War,” Liao mentions that despite US sanctions on China, SMIC has been able to deliver 7nm chips and is even exploring 5nm production. The company’s revenue for 4Q24 is expected to be around US$2bn, with a slight reduction from 3Q24 due to year-end seasonality.

In another report by Patrick Liao, titled “SMIC (981.HK): Revenue and GM Continued to Trend Up in 3Q24,” the focus is on solid revenue growth and stable gross margins for SMIC. The company anticipates a sequential revenue growth of 13% to 15% in the upcoming quarters, with gross margins expected between 18% and 20%. Liao mentions that the company has been supporting customers in facing competition to maintain market share, and anticipates that fourth-quarter orders will more accurately reflect actual demand rather than restocking impact.

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) seems to have a positive long-term outlook. With a high Value score of 5, the company is considered to be undervalued compared to its peers. Although its Dividend score is low at 1, indicating a lack of dividend payout, SMIC scores moderately on Growth, Resilience, and Momentum with scores of 3, 3, and 4 respectively.

Overall, Semiconductor Manufacturing International Corp (SMIC) is seen as a promising investment opportunity according to the Smartkarma Smart Scores. The company’s strong Value score suggests potential for growth, while its moderate scores in Growth, Resilience, and Momentum indicate stability and positive market performance. Despite a low Dividend score, SMIC’s global presence and range of integrated circuit foundry services position it well for long-term success in the semiconductor industry.

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