Shares of United Microelectronics Corp (NYSE:UMC) saw unusually-strong trading volume on Monday . Approximately 1,147,044 shares changed hands during trading, an increase of 3% from the previous session’s volume of 1,109,541 shares.The stock last traded at $2.11 and had previously closed at $2.01.

Separately, JPMorgan Chase & Co. cut United Microelectronics Corp from an “overweight” rating to a “neutral” rating in a research note on Thursday, April 28th.

The firm has a market cap of $5.19 billion and a P/E ratio of 18.17. The company has a 50 day moving average price of $1.94 and a 200-day moving average price of $1.94.

United Microelectronics Corp (NYSE:UMC) last released its earnings results on Wednesday, April 27th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.13. During the same period in the prior year, the company earned $0.32 EPS. The company earned $34.40 billion during the quarter, compared to analysts’ expectations of $33.84 billion. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. On average, equities analysts predict that United Microelectronics Corp will post $0.11 earnings per share for the current fiscal year.

The firm also recently announced a dividend, which will be paid on Thursday, August 18th. Investors of record on Thursday, July 14th will be given a dividend of $0.061 per share. The ex-dividend date is Tuesday, July 12th.

A hedge fund recently raised its stake in United Microelectronics Corp stock. Bank of Montreal Can raised its stake in United Microelectronics Corp (NYSE:UMC) by 55.2% during the fourth quarter, according to its most recent Form 13F filing with the 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 at the end of the most recent reporting period.

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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