United Microelectronics (UMC) Earning Somewhat Positive Press Coverage, Analysis Shows

Headlines about United Microelectronics (NYSE:UMC) have trended somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. United Microelectronics earned a news sentiment score of 0.02 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 49.494320709881 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

NYSE:UMC traded down $0.02 during midday trading on Friday, hitting $2.56. The stock had a trading volume of 1,480,535 shares, compared to its average volume of 1,212,195. United Microelectronics has a one year low of $1.89 and a one year high of $2.73. The stock has a market cap of $6,258.85, a P/E ratio of 19.69 and a beta of 0.55. The company has a quick ratio of 1.31, a current ratio of 1.51 and a debt-to-equity ratio of 0.24.

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United Microelectronics (NYSE:UMC) last announced its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter. United Microelectronics had a return on equity of 4.48% and a net margin of 6.43%. The company had revenue of $1.23 billion for the quarter.

UMC has been the topic of a number of analyst reports. HSBC raised United Microelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, January 24th. Credit Suisse Group raised United Microelectronics from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 24th. Seven equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. United Microelectronics has a consensus rating of “Hold” and a consensus target price of $2.10.

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United Microelectronics Company Profile

United Microelectronics Corporation provides semiconductor wafer foundry solutions. It provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. The company also engages in the research, development, and manufacture of products in the solar energy and LED industries.

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