United Microelectronics Co. (NYSE:UMC - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $6.79, but opened at $6.62. United Microelectronics shares last traded at $6.66, with a volume of 979,409 shares traded.
Wall Street Analysts Forecast Growth
Separately, Citigroup downgraded shares of United Microelectronics from a "buy" rating to a "sell" rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, United Microelectronics has an average rating of "Hold" and an average target price of $7.40.
Read Our Latest Report on UMC
United Microelectronics Price Performance
The firm has a market capitalization of $16.80 billion, a PE ratio of 11.56, a P/E/G ratio of 4.44 and a beta of 1.20. The company has a 50-day moving average price of $6.30 and a 200-day moving average price of $7.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76.
United Microelectronics (NYSE:UMC - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.03). United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The firm had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter last year, the firm earned $5.30 earnings per share. The business's quarterly revenue was up 4.9% compared to the same quarter last year. Sell-side analysts forecast that United Microelectronics Co. will post 0.51 EPS for the current year.
Institutional Investors Weigh In On United Microelectronics
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Savant Capital LLC acquired a new stake in United Microelectronics in the 4th quarter worth about $66,000. Verdence Capital Advisors LLC acquired a new stake in shares of United Microelectronics in the fourth quarter worth approximately $69,000. Callan Family Office LLC acquired a new stake in shares of United Microelectronics in the fourth quarter worth approximately $70,000. SBI Securities Co. Ltd. purchased a new stake in United Microelectronics in the fourth quarter valued at approximately $73,000. Finally, Natural Investments LLC acquired a new position in United Microelectronics during the fourth quarter worth approximately $74,000. Hedge funds and other institutional investors own 5.05% of the company's stock.
United Microelectronics Company Profile
(
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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.
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