United Microelectronics Corp (NYSE:UMC) has received an average rating of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $2.10.

UMC has been the topic of several recent analyst reports. HSBC upgraded United Microelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. Credit Suisse Group upgraded United Microelectronics from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 24th.

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United Microelectronics (NYSE UMC) opened at $2.60 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 1.51. United Microelectronics has a 52-week low of $1.89 and a 52-week high of $2.73. The stock has a market capitalization of $6,356.65, a P/E ratio of 20.00 and a beta of 0.59.

United Microelectronics (NYSE:UMC) last released its earnings results on Wednesday, January 24th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter. United Microelectronics had a return on equity of 4.48% and a net margin of 6.43%. The company had revenue of $1.23 billion for the quarter.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC acquired a new stake in shares of United Microelectronics in the 4th quarter worth approximately $118,000. Geode Capital Management LLC grew its holdings in shares of United Microelectronics by 496.6% in the 4th quarter. Geode Capital Management LLC now owns 76,762 shares of the semiconductor company’s stock worth $182,000 after acquiring an additional 63,896 shares during the period. Bessemer Group Inc. grew its holdings in shares of United Microelectronics by 51.0% in the 3rd quarter. Bessemer Group Inc. now owns 98,931 shares of the semiconductor company’s stock worth $248,000 after acquiring an additional 33,426 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of United Microelectronics in the 4th quarter worth approximately $272,000. Finally, First Trust Advisors LP grew its holdings in shares of United Microelectronics by 111.4% in the 3rd quarter. First Trust Advisors LP now owns 110,312 shares of the semiconductor company’s stock worth $276,000 after acquiring an additional 58,119 shares during the period. Institutional investors and hedge funds own 5.79% of the company’s stock.

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United Microelectronics Company Profile

United Microelectronics Corporation is a global semiconductor foundry. The Company provides integrated circuit (IC) production for applications spanning every sector of the electronics 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.

Analyst Recommendations for United Microelectronics (NYSE:UMC)

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