Finance

Are Semiconductor Manufacturing International Corporation (SMI)’s Recent Ownership and Insider Trends a Sign of Things to Come?

Recent insider trends for Semiconductor Manufacturing International Corporation (NYSE:SMI) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. SMI’s insider trading patterns have some implications for where the stock might be headed.

Institutions own 00.67% of Semiconductor Manufacturing International Corporation (SMI)’s shares. The total value of these holdings, in millions, is $57. Among active positions in the latest quarter, 11 holders increased their positions by a total of 408289 shares, 31 holders decreased the positions by a total of 835634 shares, and 8 holders held their positions. This works out to a net decrease in ownership of 427345 shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 5 holders initiated new positions by a total of 150661 shares and 20 holders exited their positions by a total of 545664 shares. This nets out to a decrease of 395003 shares and is another bearish sign for SMI.

Insider ownership increased by a total of 0 shares, which suggests that SMI’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: ownership increased by a net of 0 shares.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Semiconductor Manufacturing International Corporation (NYSE:SMI)’s short interest is 0 shares. This represents an increase in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for SMI. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that SMI is a Weak buy, which implies that SMI is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Semiconductor Manufacturing International Corporation (NYSE:SMI) is undervalued.

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