United Microelectronics Co. (NYSE:UMC) Receives Consensus Rating of "Hold" from Brokerages

United Microelectronics Co. (NYSE:UMC - Get Free Report) has earned a consensus recommendation of "Hold" from the five brokerages that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $7.40.

UMC has been the topic of several research reports. Wedbush lowered United Microelectronics from an "outperform" rating to a "neutral" rating in a report on Wednesday, April 16th. Citigroup upgraded shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a report on Friday, March 21st.

Institutional Trading of United Microelectronics

A number of large investors have recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of United Microelectronics by 1.5% during the 3rd quarter. State Street Corp now owns 3,661,624 shares of the semiconductor company's stock worth $30,831,000 after purchasing an additional 53,105 shares during the last quarter. MML Investors Services LLC purchased a new stake in United Microelectronics in the 3rd quarter worth approximately $86,000. Barclays PLC raised its holdings in United Microelectronics by 8.1% in the 3rd quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company's stock valued at $26,995,000 after acquiring an additional 240,380 shares during the last quarter. Tidal Investments LLC raised its holdings in United Microelectronics by 110.6% in the 3rd quarter. Tidal Investments LLC now owns 115,287 shares of the semiconductor company's stock valued at $971,000 after acquiring an additional 60,533 shares during the last quarter. Finally, Synovus Financial Corp purchased a new position in shares of United Microelectronics during the 3rd quarter worth $89,000. Institutional investors and hedge funds own 5.05% of the company's stock.

United Microelectronics Price Performance

Shares of NYSE:UMC traded down $0.13 on Wednesday, reaching $6.68. 2,422,997 shares of the company were exchanged, compared to its average volume of 12,404,770. The company has a 50-day moving average of $6.60 and a 200-day moving average of $6.72. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. The firm has a market cap of $16.74 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 4.44 and a beta of 1.12. United Microelectronics has a 1-year low of $5.61 and a 1-year high of $9.00.

United Microelectronics (NYSE:UMC - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.03). The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. United Microelectronics's revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.30 earnings per share. Equities analysts forecast that United Microelectronics will post 0.51 earnings per share for the current fiscal year.

About United Microelectronics

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.