United Microelectronics Corp (NYSE:UMC) has been assigned an average rating of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $2.10.
UMC has been the subject of a number of analyst reports. Credit Suisse Group upgraded shares of United Microelectronics from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 24th. HSBC upgraded shares of United Microelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, January 24th.
Shares of United Microelectronics (UMC) traded down $0.02 on Wednesday, reaching $2.50. 634,651 shares of the company’s stock were exchanged, compared to its average volume of 1,025,913. The company has a market capitalization of $6,161.06, a PE ratio of 19.39 and a beta of 0.55. The company has a current ratio of 1.51, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24. United Microelectronics has a 1 year low of $1.81 and a 1 year high of $2.73.
United Microelectronics (NYSE:UMC) last announced its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $0.02 EPS for the quarter. The firm had revenue of $1.23 billion during the quarter. United Microelectronics had a net margin of 6.43% and a return on equity of 4.48%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. First Trust Advisors LP acquired a new stake in shares of United Microelectronics during the second quarter worth approximately $127,000. Bessemer Group Inc. increased its holdings in shares of United Microelectronics by 51.0% during the third quarter. Bessemer Group Inc. now owns 98,931 shares of the semiconductor company’s stock worth $248,000 after buying an additional 33,426 shares in the last quarter. Profund Advisors LLC increased its holdings in shares of United Microelectronics by 10.5% during the second quarter. Profund Advisors LLC now owns 110,960 shares of the semiconductor company’s stock worth $271,000 after buying an additional 10,544 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of United Microelectronics during the third quarter worth approximately $312,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of United Microelectronics during the third quarter worth approximately $466,000. 5.72% of the stock is owned by institutional investors.
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United Microelectronics Company Profile
United Microelectronics Corporation is a global semiconductor foundry. The Company provides integrated circuit (IC) production for applications spanning every sector of the electronics industry. The Company operates through two segments: wafer fabrication and new business. The primary operating activity of the Company’s wafer fabrication segment is the manufacture of chips to the design specifications of its customers by using its own processes and techniques.
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