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Buy this China chip stock, Citi says

Mon, 18 May 2026 08:20:23 -0400

(Updated - May 18, 2026 8:20 AM EDT)

Citi upgraded a major Chinese semiconductor company to Buy on Monday, citing accelerating domestic chip localization, rising AI-related demand, and improving pricing power as the company heads into a stronger second quarter.

The bank upgraded SMIC, China's largest chipmaker, after the company reported first-quarter revenue of $2.5 billion, up 12% year-on-year and 1% sequentially, with gross margin improving to 20.1% and utilization rates remaining high at 93.1%.

While the result beat Citi's own estimates, it came in slightly below broader consensus expectations.

“The company outperformed normal seasonality as domestic substitution, recovering consumer electronics demand, and stronger

Buy this China chip stock, Citi says

Mon, 18 May 2026 08:20:23 -0400

(Updated - May 18, 2026 8:20 AM EDT)

While the result beat Citi's own estimates, it came in slightly below broader consensus expectations.

“The company outperformed normal seasonality as domestic substitution, recovering consumer electronics demand, and stronger

Semiconductor Manufacturing International Corp. (981:HK) (SMICY) PT Raised to HK$75 at Nomura/Instinet

Mon, 17 Nov 2025 06:53:20 -0400

Nomura/Instinet analyst Aaron Jeng raised the price target on Semiconductor Manufacturing International Corp. (981:HK) (OTC: SMICY) to HK$75.00 (from HK$51.00) while maintaining a Neutral rating.

Semiconductor Manufacturing International Corp. (981:HK) (SMICY) PT Raised to HK$75 at Nomura/Instinet

Mon, 17 Nov 2025 06:53:20 -0400

Nomura/Instinet analyst Aaron Jeng raised the price target on Semiconductor Manufacturing International Corp. (981:HK) (OTC: SMICY) to HK$75.00 (from HK$51.00) while maintaining a Neutral rating.

Semiconductor Manufacturing International Corp. (981:HK) (SMICY) PT Raised to HK$75 at Nomura/Instinet

Mon, 17 Nov 2025 06:53:20 -0400

Nomura/Instinet analyst Aaron Jeng raised the price target on Semiconductor Manufacturing International Corp. (981:HK) (OTC: SMICY) to HK$75.00 (from HK$51.00) while maintaining a Neutral rating.

Semiconductor Manufacturing International Corp. (981:HK) (SMICY) PT Raised to HK$75 at Nomura/Instinet

Mon, 17 Nov 2025 06:53:20 -0400

Nomura/Instinet analyst Aaron Jeng raised the price target on Semiconductor Manufacturing International Corp. (981:HK) (OTC: SMICY) to HK$75.00 (from HK$51.00) while maintaining a Neutral rating.

Semiconductor Manufacturing International Corp. (981:HK) (SMICY) PT Raised to HK$36 at JPMorgan

Tue, 12 Aug 2025 05:32:59 -0400

JPMorgan analyst Gokul Hariharan raised the price target on Semiconductor Manufacturing International Corp. (981:HK) (OTC: SMICY) to HK$36.00 (from HK$32.00) while maintaining a Underweight rating.

Semiconductor Manufacturing International Corp. (981:HK) (SMICY) PT Raised to HK$36 at JPMorgan

Tue, 12 Aug 2025 05:32:59 -0400

JPMorgan analyst Gokul Hariharan raised the price target on Semiconductor Manufacturing International Corp. (981:HK) (OTC: SMICY) to HK$36.00 (from HK$32.00) while maintaining a Underweight rating.

Semiconductor Manufacturing International Corp. (981:HK) (SMICY) PT Raised to HK$36 at JPMorgan

Tue, 12 Aug 2025 05:32:59 -0400

JPMorgan analyst Gokul Hariharan raised the price target on Semiconductor Manufacturing International Corp. (981:HK) (OTC: SMICY) to HK$36.00 (from HK$32.00) while maintaining a Underweight rating.

Semiconductor Manufacturing International Corp. (981:HK) (SMICY) PT Raised to HK$36 at JPMorgan

Tue, 12 Aug 2025 05:32:59 -0400

JPMorgan analyst Gokul Hariharan raised the price target on Semiconductor Manufacturing International Corp. (981:HK) (OTC: SMICY) to HK$36.00 (from HK$32.00) while maintaining a Underweight rating.

Semiconductor Manufacturing International Corp. (981:HK) (SMICY) PT Raised to HK$59.20 at CLSA

Mon, 07 Jul 2025 05:45:23 -0400

CLSA analyst Tony Zhang raised the price target on Semiconductor Manufacturing International Corp. (981:HK) (OTC: SMICY) to HK$59.20 (from HK$6.00) while maintaining a Outperform (2) rating.

Semiconductor Manufacturing International Corp. (981:HK) (SMICY) PT Raised to HK$59.20 at CLSA

Mon, 07 Jul 2025 05:45:23 -0400

CLSA analyst Tony Zhang raised the price target on Semiconductor Manufacturing International Corp. (981:HK) (OTC: SMICY) to HK$59.20 (from HK$6.00) while maintaining a Outperform (2) rating.

Semiconductor Manufacturing International Corp. (981:HK) (SMICY) PT Raised to HK$59.20 at CLSA

Mon, 07 Jul 2025 05:45:23 -0400

CLSA analyst Tony Zhang raised the price target on Semiconductor Manufacturing International Corp. (981:HK) (OTC: SMICY) to HK$59.20 (from HK$6.00) while maintaining a Outperform (2) rating.

Semiconductor Manufacturing International Corp. (981:HK) (SMICY) PT Raised to HK$59.20 at CLSA

Mon, 07 Jul 2025 05:45:23 -0400

CLSA analyst Tony Zhang raised the price target on Semiconductor Manufacturing International Corp. (981:HK) (OTC: SMICY) to HK$59.20 (from HK$6.00) while maintaining a Outperform (2) rating.

Morgan Stanley Upgrades Semiconductor Manufacturing International Corp. (981:HK) (SMICY) to Equalweight

Tue, 08 Apr 2025 17:07:53 -0400