United Microelectronics Co. (NYSE:UMC) Given Consensus Recommendation of "Hold" by Analysts

United Microelectronics Co. (NYSE:UMC - Get Free Report) has been given a consensus recommendation of "Hold" by the five research firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $7.40.

A number of brokerages have weighed in on UMC. The Goldman Sachs Group lowered United Microelectronics from a "buy" rating to a "neutral" rating and set a $7.40 price objective for the company. in a research note on Thursday, October 17th. JPMorgan Chase & Co. downgraded United Microelectronics from an "overweight" rating to a "neutral" rating in a report on Wednesday, October 30th. StockNews.com lowered United Microelectronics from a "buy" rating to a "hold" rating in a research report on Sunday, November 17th. Finally, Morgan Stanley downgraded shares of United Microelectronics from an "overweight" rating to an "equal weight" rating in a report on Monday, October 28th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UMC. JPMorgan Chase & Co. increased its position in shares of United Microelectronics by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 806,000 shares of the semiconductor company's stock worth $6,787,000 after purchasing an additional 53,264 shares during the period. DGS Capital Management LLC raised its position in shares of United Microelectronics by 2.7% in the 3rd quarter. DGS Capital Management LLC now owns 104,271 shares of the semiconductor company's stock valued at $878,000 after buying an additional 2,712 shares in the last quarter. Synovus Financial Corp bought a new stake in shares of United Microelectronics during the 3rd quarter worth approximately $89,000. Tidal Investments LLC increased its stake in United Microelectronics by 110.6% in the third 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, Chiron Investment Management LLC acquired a new position in United Microelectronics during the third quarter valued at approximately $755,000. 5.05% of the stock is owned by institutional investors and hedge funds.

United Microelectronics Trading Up 1.0 %

Shares of UMC traded up $0.06 during mid-day trading on Monday, hitting $6.21. The company had a trading volume of 11,336,436 shares, compared to its average volume of 10,249,790. The business's 50-day simple moving average is $6.70 and its 200-day simple moving average is $7.70. The stock has a market cap of $15.56 billion, a PE ratio of 9.55, a P/E/G ratio of 3.09 and a beta of 1.17. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16. United Microelectronics has a 1-year low of $6.09 and a 1-year high of $9.00.

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.