Analysts Set United Microelectronics Corporation (NYSE:UMC) PT at $8.60

United Microelectronics Corporation (NYSE:UMC) has been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $8.60.

A number of equities analysts have issued reports on UMC shares. Wall Street Zen raised shares of United Microelectronics from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Zacks Research upgraded United Microelectronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. BNP Paribas Exane reissued an “underperform” rating on shares of United Microelectronics in a report on Thursday, May 28th. Arete Research upgraded United Microelectronics from a “neutral” rating to a “buy” rating in a research report on Monday. Finally, Weiss Ratings upgraded United Microelectronics from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th.

Institutional Trading of United Microelectronics

Large investors have recently modified their holdings of the company. Dynamic Advisor Solutions LLC boosted its stake in United Microelectronics by 7.4% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,914 shares of the semiconductor company’s stock valued at $351,000 after purchasing an additional 889 shares during the period. CoreCap Advisors LLC increased its stake in shares of United Microelectronics by 271.0% in the second quarter. CoreCap Advisors LLC now owns 1,369 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 1,000 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of United Microelectronics by 0.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 129,895 shares of the semiconductor company’s stock valued at $1,166,000 after buying an additional 1,074 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of United Microelectronics by 7.7% during the fourth quarter. Cetera Investment Advisers now owns 15,472 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 1,103 shares during the last quarter. Finally, Xponance LLC boosted its position in shares of United Microelectronics by 7.2% during the fourth quarter. Xponance LLC now owns 20,494 shares of the semiconductor company’s stock worth $161,000 after buying an additional 1,384 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Trading Up 0.4%

NYSE:UMC opened at $19.40 on Friday. The company has a market cap of $48.83 billion, a PE ratio of 18.13, a P/E/G ratio of 0.45 and a beta of 1.60. The business’s 50 day moving average is $22.14 and its two-hundred day moving average is $15.74. The company has a quick ratio of 1.81, a current ratio of 2.17 and a debt-to-equity ratio of 0.10. United Microelectronics has a 52 week low of $6.56 and a 52 week high of $28.96.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings results on Tuesday, June 30th. The semiconductor company reported $0.53 earnings per share for the quarter. United Microelectronics had a return on equity of 21.00% and a net margin of 33.18%.The business had revenue of $2.16 billion during the quarter. On average, analysts predict that United Microelectronics will post 1.23 EPS for the current year.

United Microelectronics Increases Dividend

The company also recently declared an annual dividend, which was paid on Thursday, August 6th. Stockholders of record on Wednesday, July 8th were issued a dividend of $0.4122 per share. This represents a dividend yield of 166.0%. This is a positive change from United Microelectronics’s previous annual dividend of $0.37. The ex-dividend date of this dividend was Wednesday, July 8th. United Microelectronics’s dividend payout ratio is presently 28.97%.

United Microelectronics Company Profile

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed (NYSE: UMC) and focuses on high-reliability manufacturing rather than branding consumer products.

UMC’s core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.