Shares of United Microelectronics Corp (NYSE:UMC) were up 3.1% on Thursday . The company traded as high as $2.02 and last traded at $2.01, with a volume of 498,046 shares. The stock had previously closed at $1.95.

Separately, JPMorgan Chase & Co. downgraded shares of United Microelectronics Corp from an “overweight” rating to a “neutral” rating in a report on Thursday, April 28th.

The stock has a market cap of $4.99 billion and a PE ratio of 17.48. The stock has a 50 day moving average price of $1.93 and a 200 day moving average price of $1.94.

United Microelectronics Corp (NYSE:UMC) last issued its quarterly 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 company had revenue of $34.40 billion for the quarter, compared to the consensus estimate of $33.84 billion. The firm’s revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 EPS. On average, analysts anticipate that United Microelectronics Corp will post $0.11 EPS for the current fiscal year.

The company also recently declared a dividend, which will be paid on Thursday, August 18th. Investors of record on Thursday, July 14th will be paid 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 increased its stake in United Microelectronics Corp (NYSE:UMC) by 55.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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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