A number of other analysts also recently issued reports on UMC. Nomura downgraded shares of United Microelectronics from a “buy” rating to a “neutral” rating in a report on Tuesday, January 25th. Zacks Investment Research raised shares of United Microelectronics from a “hold” rating to a “buy” rating and set a $9.25 price objective on the stock in a report on Saturday, April 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, United Microelectronics presently has a consensus rating of “Buy” and an average price target of $8.28.
Shares of NYSE UMC opened at $8.41 on Thursday. The company’s fifty day moving average price is $8.78 and its 200 day moving average price is $10.14. United Microelectronics has a 1 year low of $7.49 and a 1 year high of $12.68. The company has a market capitalization of $20.90 billion, a PE ratio of 8.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.94 and a current ratio of 2.15.
About United Microelectronics (Get Rating)
United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally. It operates through Wafer Fabrication and New Business segments. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services.
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