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

Shares of United Microelectronics Corporation (NYSE:UMC) have been assigned an average recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. Two research 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 equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of United Microelectronics in a research report on Wednesday, October 8th. Bank of America downgraded United Microelectronics from a “buy” rating to an “underperform” rating in a research note on Wednesday, November 12th. Finally, Wall Street Zen lowered United Microelectronics from a “buy” rating to a “hold” rating in a report on Saturday, December 6th.

Institutional Investors Weigh In On United Microelectronics

A number of hedge funds have recently made changes to their positions in the business. Rafferty Asset Management LLC boosted its holdings in shares of United Microelectronics by 50.7% in the 2nd quarter. Rafferty Asset Management LLC now owns 8,403,064 shares of the semiconductor company’s stock worth $64,283,000 after buying an additional 2,826,486 shares during the last quarter. Bank of America Corp DE boosted its stake in United Microelectronics by 4.9% in the third quarter. Bank of America Corp DE now owns 7,388,868 shares of the semiconductor company’s stock valued at $56,008,000 after acquiring an additional 344,416 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in United Microelectronics by 10.5% in the first quarter. Goldman Sachs Group Inc. now owns 5,655,721 shares of the semiconductor company’s stock valued at $40,438,000 after acquiring an additional 537,777 shares during the last quarter. Two Sigma Investments LP grew its position in shares of United Microelectronics by 832.5% during the 3rd quarter. Two Sigma Investments LP now owns 3,530,564 shares of the semiconductor company’s stock valued at $26,762,000 after acquiring an additional 3,151,936 shares during the period. Finally, Maple Rock Capital Partners Inc. purchased a new stake in shares of United Microelectronics during the 2nd quarter worth approximately $24,024,000. 5.05% of the stock is currently owned by institutional investors.

United Microelectronics Trading Up 2.8%

NYSE UMC opened at $8.79 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.92 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $7.75 and a 200 day simple moving average of $7.40. United Microelectronics has a 12 month low of $5.61 and a 12 month high of $9.11. The firm has a market capitalization of $22.09 billion, a P/E ratio of 17.24, a PEG ratio of 4.76 and a beta of 1.08.

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

United Microelectronics Company Profile

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.