United Microelectronics Corp (UMC) Trading Up 3.1%
United Microelectronics Corp (NYSE:UMC) was up 3.1% during trading on Thursday . The company traded as high as $2.02 and last traded at $2.01, with a volume of 498,046 shares changing hands. The stock had previously closed at $1.95.
Separately, JPMorgan Chase & Co. cut shares of United Microelectronics Corp from an “overweight” rating to a “neutral” rating in a research report on Thursday, April 28th.
The company’s 50 day moving average price is $1.92 and its 200 day moving average price is $1.94. The firm has a market capitalization of $4.99 billion and a price-to-earnings ratio of 17.48.
United Microelectronics Corp (NYSE:UMC) last announced its earnings results on Wednesday, April 27th. The company reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by $0.13. The firm had revenue of $34.40 billion for the quarter, compared to analyst estimates of $33.84 billion. During the same quarter in the previous year, the business posted $0.32 EPS. The company’s revenue was down 8.6% on a year-over-year basis. On average, equities analysts anticipate that United Microelectronics Corp will post $0.11 EPS for the current fiscal year.
The company also recently disclosed a dividend, which will be paid on Thursday, August 18th. Investors of record on Thursday, July 14th will be given a $0.061 dividend. The ex-dividend date of this dividend is Tuesday, July 12th.
An institutional investor recently raised its position in United Microelectronics Corp stock. Bank of Montreal Can increased its stake in United Microelectronics Corp (NYSE:UMC) by 55.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,091,781 shares of the company’s stock after buying an additional 388,316 shares during the period. Bank of Montreal Can’s holdings in United Microelectronics Corp were worth $2,053,000 as of its most recent filing with the SEC.
United Microelectronics Corporation is a global semiconductor foundry that provides technology and manufacturing for applications spanning various sectors of the integrated circuit (IC) 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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