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

United Microelectronics Corporation (NYSE:UMC) has earned an average recommendation of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a strong buy recommendation to the company.

A number of research firms recently commented on UMC. Weiss Ratings reiterated a “hold (c-)” rating on shares of United Microelectronics in a research note on Wednesday, October 8th. Wall Street Zen raised United Microelectronics from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Finally, Bank of America downgraded United Microelectronics from a “buy” rating to an “underperform” rating in a research note on Wednesday, November 12th.

United Microelectronics Price Performance

Shares of NYSE UMC opened at $7.44 on Friday. The stock has a market cap of $18.69 billion, a P/E ratio of 14.59, a P/E/G ratio of 4.12 and a beta of 1.29. The firm’s 50-day simple moving average is $7.38 and its 200 day simple moving average is $7.38. United Microelectronics has a fifty-two week low of $5.61 and a fifty-two week high of $8.33. The company has a quick ratio of 1.46, a current ratio of 1.77 and a debt-to-equity ratio of 0.12.

United Microelectronics (NYSE:UMC) last announced its earnings results on Wednesday, October 29th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. United Microelectronics had a net margin of 17.08% and a return on equity of 11.36%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $58.25 billion. During the same quarter in the prior year, the firm posted $0.18 EPS. Equities analysts expect that United Microelectronics will post 0.51 EPS for the current year.

Institutional Investors Weigh In On United Microelectronics

A number of institutional investors and hedge funds have recently bought and sold shares of UMC. Envestnet Asset Management Inc. grew its stake in shares of United Microelectronics by 13.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 94,094 shares of the semiconductor company’s stock worth $673,000 after purchasing an additional 11,122 shares during the last quarter. Private Advisor Group LLC boosted its holdings in United Microelectronics by 29.0% during the first quarter. Private Advisor Group LLC now owns 18,284 shares of the semiconductor company’s stock worth $131,000 after buying an additional 4,110 shares in the last quarter. Choreo LLC acquired a new position in United Microelectronics in the first quarter worth approximately $80,000. Wealthstream Advisors Inc. increased its holdings in shares of United Microelectronics by 18.4% in the first quarter. Wealthstream Advisors Inc. now owns 16,465 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 2,555 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in shares of United Microelectronics during the 1st quarter valued at $1,459,000. 5.05% of the stock is owned by institutional investors and hedge funds.

United Microelectronics Company Profile

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.