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SMIC upgraded to Overweight from Equal Weight at Morgan Stanley » 19:53
02/25/21
02/25
19:53
02/25/21
19:53
SMICY

SMIC

$5.41 /

+ (+0.00%)

Morgan Stanley analyst…

Morgan Stanley analyst Charlie Chan upgraded SMIC to Overweight from Equal Weight.

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SMICY SMIC
$5.41 /

+ (+0.00%)

12/21/20 Jefferies
SMIC upgraded to Buy from Hold at Jefferies
11/16/20 Jefferies
SMIC price target raised to HK$23.04 from HK$18.27 at Jefferies
11/12/20 China Renaissance
SMIC upgraded to Buy from Sell at China Renaissance
10/27/20 Jefferies
SMIC assumed with a Hold at Jefferies
SMICY SMIC
$5.41 /

+ (+0.00%)

Upgrade
SMIC upgraded to Buy from Hold at Jefferies » 07:59
12/21/20
12/21
07:59
12/21/20
07:59
SMICY

SMIC

$5.41 /

+ (+0.00%)

Jefferies analyst Chi…

Jefferies analyst Chi Tsai upgraded SMIC's H-shares to Buy from Hold with a HK$23.04 price target after the U.S. BIS officially added the company as among 60 Chinese companies to its "Entity List," which the analyst calls "a potential blessing in disguise." Given U.S. Commerce Secretary Wilbur Ross' statement that "presumption of denial" should be expected for any U.S. tech exports to SMIC enabling 10nm or below, it would mean export of U.S. tech for mature nodes above 10nm is possible and the inclusion "looks more like a highly targeted rather than a blanket ban on SMIC," contends Tsai. Being forced to focus on mature nodes could translate to higher ROIC via lower capex and R&D spending, added the analyst.

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SMICY SMIC
$5.41 /

+ (+0.00%)

11/16/20 Jefferies
SMIC price target raised to HK$23.04 from HK$18.27 at Jefferies
11/12/20 China Renaissance
SMIC upgraded to Buy from Sell at China Renaissance
10/27/20 Jefferies
SMIC assumed with a Hold at Jefferies
10/22/20 Goldman Sachs
Lam Research price target raised to $424 from $376 at Goldman Sachs
SMICY SMIC
$5.41 /

+ (+0.00%)

Recommendations
SMIC price target raised to HK$23.04 from HK$18.27 at Jefferies » 07:38
11/16/20
11/16
07:38
11/16/20
07:38
SMICY

SMIC

$5.41 /

+ (+0.00%)

Jefferies analyst Chi…

Jefferies analyst Chi Tsai raised the firm's price target on SMIC to HK$23.04 from HK$18.27 and keeps a Hold rating on the H shares while upgrading the China A shares to Buy. While U.S. export restrictions could disrupt current production, Tsai believes the disruption will be short-lived, lasting perhaps two to three quarters, and that the longer-term implications would be for SMIC to focus on the mature nodes.

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SMICY SMIC
$5.41 /

+ (+0.00%)

11/12/20 China Renaissance
SMIC upgraded to Buy from Sell at China Renaissance
10/27/20 Jefferies
SMIC assumed with a Hold at Jefferies
10/22/20 Goldman Sachs
Lam Research price target raised to $424 from $376 at Goldman Sachs
09/07/20 Goldman Sachs
SMIC downgraded to Buy from Conviction Buy at Goldman Sachs
SMICY SMIC
$5.41 /

+ (+0.00%)

Upgrade
SMIC upgraded to Buy from Sell at China Renaissance » 05:24
11/12/20
11/12
05:24
11/12/20
05:24
SMICY

SMIC

$5.41 /

+ (+0.00%)

China Renaissance analyst…

China Renaissance analyst Szeho Ng double upgraded SMIC to Buy from Sell with a HK$30 price target.

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SMICY SMIC
$5.41 /

+ (+0.00%)

10/27/20 Jefferies
SMIC assumed with a Hold at Jefferies
10/22/20 Goldman Sachs
Lam Research price target raised to $424 from $376 at Goldman Sachs
09/07/20 Goldman Sachs
SMIC downgraded to Buy from Conviction Buy at Goldman Sachs
08/10/20 HSBC
SMIC downgraded to Reduce from Hold at HSBC
SMICY SMIC
$5.41 /

+ (+0.00%)

Initiation
SMIC assumed with a Hold at Jefferies » 08:15
10/27/20
10/27
08:15
10/27/20
08:15
SMICY

SMIC

$5.41 /

+ (+0.00%)

Jefferies analyst Chi…

Jefferies analyst Chi Tsai assumed coverage of SMIC with a Hold rating and HK$18.27 price target. Localization "seems the only option for China's semi industry" and given the "tech war" with the U.S. Tsia would avoid leading edge nodes such as SMIC, which could be the focus of U.S. restrictions or "at least face a big overhang," the analyst tells investors.

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SMICY SMIC
$5.41 /

+ (+0.00%)

10/22/20 Goldman Sachs
Lam Research price target raised to $424 from $376 at Goldman Sachs
09/07/20 Goldman Sachs
SMIC downgraded to Buy from Conviction Buy at Goldman Sachs
08/10/20 HSBC
SMIC downgraded to Reduce from Hold at HSBC
05/18/20 CIMB
SMIC upgraded to Hold from Reduce at CIMB
SMICY SMIC
$5.41 /

+ (+0.00%)

Recommendations
Lam Research price target raised to $424 from $376 at Goldman Sachs » 07:19
10/22/20
10/22
07:19
10/22/20
07:19
LRCX

Lam Research

$366.51 /

+2.66 (+0.73%)

, SMICY

SMIC

$5.41 /

+ (+0.00%)

Goldman Sachs analyst…

Goldman Sachs analyst Toshiya Hari raised the firm's price target on Lam Research (LRCX) to $424 from $376 and keeps a Buy rating on the shares after the company reported September quarter EPS above Street consensus and guided to December quarter sales earnings that beat expectations. Hari sees strength in NAND and China as offsets to a headwind in the fiscal second quarter from restrictions on exports to SMIC (SMICY), assuming Lam does not receive licenses before quarter-end, the analyst noted. Management reiterated a 2020 Wafer Fab Equipment market forecast in the mid- to high $50B range, noted Hari, who expects Lam to see above-industry growth.

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LRCX Lam Research
$366.51 /

+2.66 (+0.73%)

LRCX Lam Research
$366.51 /

+2.66 (+0.73%)

10/22/20 Mizuho
Lam Research price target raised to $410 from $400 at Mizuho
10/22/20 RBC Capital
Lam Research price target raised to $420 from $400 at RBC Capital
09/25/20 Citi
KLA on top, Amkor at bottom of Citi's Semiconductor rankings
09/20/20 Stifel
Stifel more positive on Semi Cap Equipment, upgrades Lam to Buy
SMICY SMIC
$5.41 /

+ (+0.00%)

09/07/20 Goldman Sachs
SMIC downgraded to Buy from Conviction Buy at Goldman Sachs
08/10/20 HSBC
SMIC downgraded to Reduce from Hold at HSBC
05/18/20 CIMB
SMIC upgraded to Hold from Reduce at CIMB
05/14/20 Morgan Stanley
SMIC upgraded to Equal Weight from Underweight at Morgan Stanley
LRCX Lam Research
$366.51 /

+2.66 (+0.73%)

SMICY SMIC
$5.41 /

+ (+0.00%)

LRCX Lam Research
$366.51 /

+2.66 (+0.73%)

LRCX Lam Research
$366.51 /

+2.66 (+0.73%)

LRCX Lam Research
$366.51 /

+2.66 (+0.73%)

Periodicals
SMIC, China's biggest chipmaker, facing U.S. sanctions, FT reports » 08:12
09/28/20
09/28
08:12
09/28/20
08:12
QCOM

Qualcomm

$114.53 /

+2.34 (+2.09%)

, SMICY

SMIC

$5.41 /

+ (+0.00%)

, AMAT

Applied Materials

$58.22 /

+0.42 (+0.73%)

, LRCX

Lam Research

$330.12 /

+2.86 (+0.87%)

, KLAC

KLA Corp.

$187.81 /

+3.34 (+1.81%)

On Friday, the U.S.…

On Friday, the U.S. Department of Commerce told companies that exports to Semiconductor Manufacturing International Corporation (SMICY), China's biggest chipmaker, that SMIC posed an "unacceptable risk" of being diverted to "military end use," according to the Financial Times' Yuan Yang, Kathrin Hille and Qianer Liu, citing a copy of the letter sent by the DOC to the companies. This move further hurts the semiconductor sector after penalties on China's Huawei and will also affect Qualcomm (QCOM), the U.S. chip designer that uses SMIC to fabricate some of its chips, the report said. Analysts believe that Qualcomm is SMIC's second-largest customer after Huawei, the report added. Several stocks in the Semiconductor Capital Equipment group - including KLA Corp. (KLAC), Lam Research (LRCX) and Applied Materials (AMAT) - are trading lower in pre-market trading following the FT's report. Reference Link

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QCOM Qualcomm
$114.53 /

+2.34 (+2.09%)

LRCX Lam Research
$330.12 /

+2.86 (+0.87%)

KLAC KLA Corp.
$187.81 /

+3.34 (+1.81%)

AMAT Applied Materials
$58.22 /

+0.42 (+0.73%)

QCOM Qualcomm
$114.53 /

+2.34 (+2.09%)

09/28/20 Citi
Qualcomm price target raised to $132 from $108 at Citi
09/25/20
Fly Intel: Top five analyst upgrades
09/25/20 Exane BNP Paribas
Exane double upgrades Qualcomm on share gains from Huawei ban
09/25/20 Exane BNP Paribas
Qualcomm upgraded to Outperform from Underperform at Exane BNP Paribas
SMICY SMIC
$5.41 /

+ (+0.00%)

09/07/20 Goldman Sachs
SMIC downgraded to Buy from Conviction Buy at Goldman Sachs
08/10/20 HSBC
SMIC downgraded to Reduce from Hold at HSBC
05/18/20 CIMB
SMIC upgraded to Hold from Reduce at CIMB
05/14/20 Morgan Stanley
SMIC upgraded to Equal Weight from Underweight at Morgan Stanley
AMAT Applied Materials
$58.22 /

+0.42 (+0.73%)

09/22/20 Stifel
Semi cap pullback an attractive entry point in Applied Materials, says Stifel
08/17/20 Citi
Applied Materials price target raised to $75 from $62 at Citi
08/14/20 DA Davidson
Applied Materials price target raised to $70 from $55 at DA Davidson
08/14/20 B. Riley
Applied Materials price target raised to $82 from $72 at B. Riley FBR
LRCX Lam Research
$330.12 /

+2.86 (+0.87%)

09/25/20 Citi
KLA on top, Amkor at bottom of Citi's Semiconductor rankings
09/20/20 Stifel
Stifel more positive on Semi Cap Equipment, upgrades Lam to Buy
09/20/20 Stifel
Lam Research upgraded to Buy from Hold at Stifel
07/30/20 Wells Fargo
Lam Research price target raised to $370 from $270 at Wells Fargo
KLAC KLA Corp.
$187.81 /

+3.34 (+1.81%)

09/20/20 Stifel
Stifel gets more positive on Semi Cap Equipment, upgrades KLA to Buy
09/20/20 Stifel
KLA Corp. upgraded to Buy from Hold at Stifel
08/14/20 Stifel
KLA Corp, ACM likely beneficiaries after Applied Materials earnings, says Stifel
QCOM Qualcomm
$114.53 /

+2.34 (+2.09%)

LRCX Lam Research
$330.12 /

+2.86 (+0.87%)

KLAC KLA Corp.
$187.81 /

+3.34 (+1.81%)

AMAT Applied Materials
$58.22 /

+0.42 (+0.73%)

SMICY SMIC
$5.41 /

+ (+0.00%)

QCOM Qualcomm
$114.53 /

+2.34 (+2.09%)

LRCX Lam Research
$330.12 /

+2.86 (+0.87%)

QCOM Qualcomm
$114.53 /

+2.34 (+2.09%)

LRCX Lam Research
$330.12 /

+2.86 (+0.87%)

KLAC KLA Corp.
$187.81 /

+3.34 (+1.81%)

AMAT Applied Materials
$58.22 /

+0.42 (+0.73%)

QCOM Qualcomm
$114.53 /

+2.34 (+2.09%)

LRCX Lam Research
$330.12 /

+2.86 (+0.87%)

AMAT Applied Materials
$58.22 /

+0.42 (+0.73%)

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