Semiconductor Manufacturing International’s Stock Price Soars to 32.80 HKD, Marking a Robust 7.01% Increase

Semiconductor Manufacturing International (981)

32.80 HKD +2.15 (+7.01%) Volume: 216.5M

Semiconductor Manufacturing International’s stock price soars to 32.80 HKD, a significant increase of +7.01% in this trading session with a robust trading volume of 216.5M. The stock’s impressive year-to-date performance shows a +65.16% surge, reinforcing its strong market presence in the semiconductor industry.

Latest developments on Semiconductor Manufacturing International

Today, Semiconductor Manufacturing International Corp (SMIC) is facing scrutiny as a US Congressman accuses the company of producing 7nm chips for China in violation of U.S. sanctions. This accusation has led to uncertainty in the market regarding SMIC’s future prospects, causing fluctuations in the company’s stock price. Investors are closely monitoring the situation as it unfolds, with potential implications for SMIC’s operations and relationships with international partners.

Semiconductor Manufacturing International on Smartkarma

Analysts on Smartkarma have differing views on Semiconductor Manufacturing International Corp (SMIC). Nicolas Baratte‘s bearish outlook highlights poor margins and inventory risks faced by Chinese foundries like SMIC. The shift in end-demand trends between Chinese and ex-China foundries is a key concern, with SMIC being cautious due to overblown growth expectations leading to an inventory problem.

In contrast, Patrick Liao’s bullish perspective sees SMIC maintaining steady growth despite challenges. The company forecasts revenue growth, gross margin improvement, and a focus on AI and capacity expansion. SMIC’s strategic plans to increase wafer capacity and capitalize on AI growth indicate a positive outlook for the company’s future performance.

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 score of 5 in the Value category, the company is considered to be undervalued in the market. This indicates that investors may see potential for growth in the company’s stock. Additionally, SMIC has a strong Momentum score of 5, suggesting that the company is experiencing positive upward trends in its stock performance.

While SMIC scores lower in areas such as Dividend, Growth, and Resilience, with scores of 1, 3, and 2 respectively, the overall outlook for the company appears positive. As a semiconductor foundry, Semiconductor Manufacturing International Corp provides a range of integrated circuit foundry and technology services globally. This positions the company well within the industry to capitalize on future opportunities and drive long-term growth.

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