United Microelectronics Corp (NYSE:UMC) shares reached a new 52-week low on Tuesday . The stock traded as low as $1.64 and last traded at $1.64, with a volume of 10437 shares. The stock had previously closed at $1.68.

Several research analysts have weighed in on UMC shares. CLSA lowered United Microelectronics from an “outperform” rating to an “underperform” rating in a research report on Monday, October 8th. ValuEngine lowered United Microelectronics from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. JPMorgan Chase & Co. lowered United Microelectronics from a “neutral” rating to an “underweight” rating in a research report on Wednesday, October 10th. Nomura lowered United Microelectronics from a “buy” rating to a “neutral” rating in a research report on Friday, October 12th. Finally, HSBC lowered United Microelectronics from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Four equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $2.19.

The company has a quick ratio of 2.38, a current ratio of 2.72 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $4.11 billion, a P/E ratio of 12.00 and a beta of 0.90.

United Microelectronics (NYSE:UMC) last issued its earnings results on Wednesday, October 24th. The semiconductor company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). United Microelectronics had a return on equity of 4.94% and a net margin of 6.93%. The business had revenue of $39.39 billion for the quarter, compared to the consensus estimate of $39.72 billion. The company’s quarterly revenue was up 4.5% on a year-over-year basis.

Hedge funds and other institutional investors have recently modified their holdings of the company. Credit Suisse AG boosted its stake in shares of United Microelectronics by 120.3% during the 3rd quarter. Credit Suisse AG now owns 119,970 shares of the semiconductor company’s stock worth $309,000 after acquiring an additional 65,521 shares during the period. Citadel Advisors LLC boosted its stake in shares of United Microelectronics by 61.5% during the 2nd quarter. Citadel Advisors LLC now owns 140,055 shares of the semiconductor company’s stock worth $395,000 after acquiring an additional 53,347 shares during the period. Signaturefd LLC boosted its stake in shares of United Microelectronics by 11.1% during the 2nd quarter. Signaturefd LLC now owns 180,459 shares of the semiconductor company’s stock worth $509,000 after acquiring an additional 18,069 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of United Microelectronics by 952.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 206,343 shares of the semiconductor company’s stock worth $532,000 after acquiring an additional 186,741 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of United Microelectronics by 451.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 206,910 shares of the semiconductor company’s stock worth $534,000 after acquiring an additional 169,400 shares during the period. Institutional investors own 5.37% of the company’s stock.

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United Microelectronics Company Profile (NYSE:UMC)

United Microelectronics Corporation provides semiconductor wafer foundry solutions. The company operates through Wafer Fabrication and New Business segments. It provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. The company also engages in the research, development, and manufacture of products in the solar energy and light-emitting diode industries.

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