Shares of United Microelectronics Corp (NYSE:UMC) have been assigned an average recommendation of “Hold” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $1.78.
Several equities analysts recently commented on the company. ValuEngine lowered United Microelectronics from a “hold” rating to a “sell” rating in a research note on Tuesday, May 28th. Goldman Sachs Group assumed coverage on United Microelectronics in a research note on Tuesday, May 7th. They issued a “sell” rating for the company. HSBC upgraded United Microelectronics from a “reduce” rating to a “hold” rating in a research note on Wednesday, April 24th. Credit Suisse Group upgraded United Microelectronics from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. upgraded United Microelectronics from an “underweight” rating to a “neutral” rating in a research note on Wednesday, April 24th.
United Microelectronics stock traded down $0.01 during trading on Friday, hitting $2.12. The company’s stock had a trading volume of 277,598 shares, compared to its average volume of 519,711. The firm has a market capitalization of $5.16 billion, a P/E ratio of 30.43 and a beta of 0.90. United Microelectronics has a 1-year low of $1.64 and a 1-year high of $3.09. The company has a current ratio of 2.79, a quick ratio of 2.43 and a debt-to-equity ratio of 0.34.
United Microelectronics (NYSE:UMC) last released its earnings results on Wednesday, April 24th. The semiconductor company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $32.58 billion during the quarter, compared to analyst estimates of $32.76 billion. United Microelectronics had a return on equity of 2.31% and a net margin of 3.33%. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share.
Large investors have recently made changes to their positions in the business. Lindbrook Capital LLC acquired a new stake in United Microelectronics during the fourth quarter worth about $25,000. Parallel Advisors LLC increased its stake in United Microelectronics by 175.9% during the first quarter. Parallel Advisors LLC now owns 16,565 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 10,560 shares during the last quarter. Private Advisor Group LLC acquired a new stake in United Microelectronics during the fourth quarter worth about $32,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in United Microelectronics by 201.9% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 20,539 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 13,736 shares during the last quarter. Finally, First Allied Advisory Services Inc. increased its stake in United Microelectronics by 150.2% during the first quarter. First Allied Advisory Services Inc. now owns 26,126 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 15,684 shares during the last quarter. Institutional investors own 5.32% of the company’s stock.
United Microelectronics Company Profile
United Microelectronics Corporation provides semiconductor wafer foundry solutions. The company operates through Wafer Fabrication and New Business segments. 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 light-emitting diode industries.
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