United Microelectronics (NYSE:UMC) Sees Unusually-High Trading Volume

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United Microelectronics Corp (NYSE:UMC) saw unusually-strong trading volume on Thursday . Approximately 4,511 shares changed hands during trading, a decline of 99% from the previous session’s volume of 551,358 shares.The stock last traded at $2.81 and had previously closed at $2.81.

Several equities analysts have recently commented on UMC shares. ValuEngine lowered United Microelectronics from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Morgan Stanley upgraded United Microelectronics from an “underweight” rating to an “overweight” rating in a research note on Tuesday, December 3rd. China International Capital upgraded United Microelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. China Renaissance Securities upgraded United Microelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group upgraded United Microelectronics from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold”.

The firm has a 50 day simple moving average of $2.64 and a 200-day simple moving average of $2.36. The company has a quick ratio of 2.04, a current ratio of 2.32 and a debt-to-equity ratio of 0.29. The company has a market cap of $6.45 billion, a PE ratio of 21.16 and a beta of 1.03.

Institutional investors and hedge funds have recently bought and sold shares of the business. CAPROCK Group Inc. purchased a new position in United Microelectronics in the fourth quarter valued at about $28,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in United Microelectronics in the third quarter worth about $32,000. Comprehensive Portfolio Management LLC acquired a new stake in United Microelectronics in the fourth quarter worth about $33,000. First Allied Advisory Services Inc. acquired a new stake in United Microelectronics in the fourth quarter worth about $46,000. Finally, NEXT Financial Group Inc acquired a new stake in United Microelectronics in the fourth quarter worth about $53,000. Institutional investors own 5.29% of the company’s stock.

About United Microelectronics (NYSE:UMC)

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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