Shares of United Microelectronics Corp (NYSE:UMC) have been given an average recommendation of “Hold” by the twelve analysts that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $2.10.

Several research firms have recently weighed in on UMC. Credit Suisse Group raised shares of United Microelectronics from an “underperform” rating to a “neutral” rating in a report on Wednesday, January 24th. HSBC raised shares of United Microelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, January 24th.

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Several institutional investors and hedge funds have recently bought and sold shares of UMC. Wells Fargo & Company MN grew its holdings in shares of United Microelectronics by 116.6% in the 3rd quarter. Wells Fargo & Company MN now owns 5,998,324 shares of the semiconductor company’s stock worth $14,995,000 after purchasing an additional 3,229,151 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in United Microelectronics by 141.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,044,109 shares of the semiconductor company’s stock worth $12,055,000 after acquiring an additional 2,955,362 shares during the last quarter. Renaissance Technologies LLC grew its holdings in United Microelectronics by 10.8% during the 4th quarter. Renaissance Technologies LLC now owns 15,525,289 shares of the semiconductor company’s stock worth $37,105,000 after acquiring an additional 1,513,000 shares during the last quarter. OZ Management LP grew its holdings in United Microelectronics by 141.8% during the 3rd quarter. OZ Management LP now owns 1,240,497 shares of the semiconductor company’s stock worth $3,101,000 after acquiring an additional 727,500 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in United Microelectronics by 90.4% during the 4th quarter. Deutsche Bank AG now owns 1,115,968 shares of the semiconductor company’s stock worth $2,667,000 after acquiring an additional 529,814 shares during the last quarter. 5.79% of the stock is currently owned by institutional investors and hedge funds.

UMC stock traded down $0.02 on Thursday, hitting $2.58. 1,845,787 shares of the stock traded hands, compared to its average volume of 1,063,593. The company has a current ratio of 1.51, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24. United Microelectronics has a fifty-two week low of $1.89 and a fifty-two week high of $2.73. The company has a market cap of $6,356.65, a price-to-earnings ratio of 19.85 and a beta of 0.59.

United Microelectronics (NYSE:UMC) last posted its earnings results on Wednesday, January 24th. The semiconductor company reported $0.02 earnings per share for the quarter. United Microelectronics had a net margin of 6.43% and a return on equity of 4.48%. The business had revenue of $1.23 billion for the quarter.

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United Microelectronics Company Profile

United Microelectronics Corporation is a global semiconductor foundry. The Company provides integrated circuit (IC) production for applications spanning every sector of the electronics industry. The Company operates through two segments: wafer fabrication and new business. The primary operating activity of the Company’s wafer fabrication segment is the manufacture of chips to the design specifications of its customers by using its own processes and techniques.

Analyst Recommendations for United Microelectronics (NYSE:UMC)

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