United Microelectronics Corporation (NYSE:UMC) Given Consensus Rating of “Hold” by Analysts

United Microelectronics Corporation (NYSE:UMC) has earned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $8.60.

A number of equities research analysts recently weighed in on UMC shares. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of United Microelectronics in a report on Thursday, January 29th. Exane BNP Paribas raised shares of United Microelectronics to a “strong-buy” rating in a research report on Wednesday, January 28th. Wall Street Zen downgraded shares of United Microelectronics from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of United Microelectronics in a research note on Wednesday, October 8th. Finally, Bank of America downgraded United Microelectronics from a “buy” rating to an “underperform” rating in a report on Wednesday, November 12th.

Institutional Trading of United Microelectronics

Several institutional investors and hedge funds have recently made changes to their positions in the company. Xponance Inc. raised its stake in shares of United Microelectronics by 8.2% during the 3rd quarter. Xponance Inc. now owns 19,110 shares of the semiconductor company’s stock worth $145,000 after acquiring an additional 1,445 shares in the last quarter. GeoWealth Management LLC grew its holdings in United Microelectronics by 10.2% in the third quarter. GeoWealth Management LLC now owns 15,710 shares of the semiconductor company’s stock worth $119,000 after purchasing an additional 1,459 shares during the last quarter. Hennessy Advisors Inc. grew its holdings in United Microelectronics by 8.8% in the fourth quarter. Hennessy Advisors Inc. now owns 18,212 shares of the semiconductor company’s stock worth $143,000 after purchasing an additional 1,471 shares during the last quarter. Allworth Financial LP increased its position in shares of United Microelectronics by 20.5% during the fourth quarter. Allworth Financial LP now owns 8,817 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 1,498 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of United Microelectronics by 11.5% during the 2nd quarter. Osaic Holdings Inc. now owns 14,756 shares of the semiconductor company’s stock valued at $113,000 after purchasing an additional 1,516 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors.

United Microelectronics Stock Performance

NYSE:UMC opened at $9.92 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.92 and a current ratio of 2.34. The stock’s fifty day moving average is $8.76 and its 200 day moving average is $7.72. The firm has a market capitalization of $24.92 billion, a PE ratio of 18.37, a PEG ratio of 5.23 and a beta of 1.10. United Microelectronics has a fifty-two week low of $5.71 and a fifty-two week high of $12.68.

United Microelectronics (NYSE:UMC) last announced its earnings results on Wednesday, January 28th. The semiconductor company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. United Microelectronics had a net margin of 17.60% and a return on equity of 11.59%. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, sell-side analysts anticipate that United Microelectronics will post 0.51 earnings per share for the current year.

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.