United Microelectronics Corporation (NYSE:UMC) Receives Average Rating of “Hold” from Brokerages

United Microelectronics Corporation (NYSE:UMC) has received an average rating of “Hold” from the four analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a strong buy recommendation on the company.

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of United Microelectronics in a report on Wednesday, October 8th.

Institutional Trading of United Microelectronics

A number of institutional investors have recently bought and sold shares of UMC. Smartleaf Asset Management LLC acquired a new stake in United Microelectronics during the second quarter valued at $27,000. Golden State Wealth Management LLC acquired a new position in shares of United Microelectronics during the 1st quarter worth about $29,000. Wealth Alliance LLC acquired a new stake in United Microelectronics in the 2nd quarter worth $77,000. MGO One Seven LLC acquired a new stake in United Microelectronics in the 3rd quarter worth $77,000. Finally, Choreo LLC acquired a new position in shares of United Microelectronics in the 1st quarter valued at $80,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Stock Up 1.9%

Shares of United Microelectronics stock opened at $7.53 on Tuesday. The company has a market capitalization of $18.92 billion, a P/E ratio of 14.76, a PEG ratio of 4.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.77 and a quick ratio of 1.46. The business’s fifty day moving average price is $7.17 and its two-hundred day moving average price is $7.33. United Microelectronics has a 1-year low of $5.61 and a 1-year high of $8.33.

United Microelectronics (NYSE:UMC) last released its earnings results on Wednesday, October 29th. The semiconductor company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.12 by $0.08. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $58.25 billion. United Microelectronics had a net margin of 17.08% and a return on equity of 11.36%. During the same quarter last year, the company earned $0.18 EPS. As a group, research analysts forecast that United Microelectronics will post 0.51 EPS for the current 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.