United Microelectronics Corporation (NYSE:UMC) Given Average Rating of “Hold” by Analysts

Shares of United Microelectronics Corporation (NYSE:UMC) have been given an average rating of “Hold” by the five ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the company.

A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of United Microelectronics in a research report on Wednesday, October 8th. Bank of America cut shares of United Microelectronics from a “buy” rating to an “underperform” rating in a report on Wednesday, November 12th. Finally, Wall Street Zen downgraded shares of United Microelectronics from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th.

Hedge Funds Weigh In On United Microelectronics

A number of hedge funds have recently bought and sold shares of UMC. Xponance Inc. increased its position in shares of United Microelectronics by 8.2% in the third quarter. Xponance Inc. now owns 19,110 shares of the semiconductor company’s stock worth $145,000 after purchasing an additional 1,445 shares during the period. GeoWealth Management LLC increased its holdings in United Microelectronics by 10.2% in the 3rd quarter. GeoWealth Management LLC now owns 15,710 shares of the semiconductor company’s stock valued at $119,000 after buying an additional 1,459 shares during the period. Osaic Holdings Inc. increased its holdings in United Microelectronics by 11.5% in the 2nd quarter. Osaic Holdings Inc. now owns 14,756 shares of the semiconductor company’s stock valued at $113,000 after buying an additional 1,516 shares during the period. Cibc World Market Inc. lifted its holdings in shares of United Microelectronics by 8.9% during the 3rd quarter. Cibc World Market Inc. now owns 19,307 shares of the semiconductor company’s stock worth $146,000 after acquiring an additional 1,575 shares during the period. Finally, Crestwood Advisors Group LLC boosted its position in shares of United Microelectronics by 9.3% during the 2nd quarter. Crestwood Advisors Group LLC now owns 19,614 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 1,663 shares in the last quarter. 5.05% of the stock is owned by institutional investors.

United Microelectronics Stock Performance

NYSE UMC opened at $8.65 on Friday. The company’s fifty day moving average is $7.79 and its two-hundred day moving average is $7.41. United Microelectronics has a 52-week low of $5.61 and a 52-week high of $9.11. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.34 and a quick ratio of 1.92. The firm has a market capitalization of $21.72 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 4.79 and a beta of 1.08.

United Microelectronics (NYSE:UMC) last released its quarterly earnings data on Wednesday, October 29th. The semiconductor company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. United Microelectronics had a return on equity of 11.18% and a net margin of 17.08%.The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $58.25 billion. During the same period in the previous year, the business earned $0.18 earnings per share. Equities research analysts forecast that United Microelectronics will post 0.51 EPS for the current year.

About United Microelectronics

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed (NYSE: UMC) and focuses on high-reliability manufacturing rather than branding consumer products.

UMC’s core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.