United Microelectronics Corp (UMC) Trading Down 0.5%
Shares of United Microelectronics Corp (NYSE:UMC) traded down 0.5% on Friday . The stock traded as low as $1.99 and last traded at $2.00, with a volume of 307,691 shares traded. The stock had previously closed at $2.01.
Separately, JPMorgan Chase & Co. downgraded 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 is $1.93 and its 200-day moving average is $1.94. The firm has a market cap of $4.99 billion and a price-to-earnings ratio of 17.48.
United Microelectronics Corp (NYSE:UMC) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 period last year, the firm posted $0.32 earnings per share. The business’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, analysts predict that United Microelectronics Corp will post $0.11 earnings per share for the current fiscal year.
The company also recently announced a dividend, which will be paid on Thursday, August 18th. Investors of record on Thursday, July 14th will be issued a $0.061 dividend. The ex-dividend date is Tuesday, July 12th.
A hedge fund recently raised its stake in United Microelectronics Corp stock. Bank of Montreal Can boosted its stake in shares of United Microelectronics Corp (NYSE:UMC) by 55.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 SEC filing.
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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