United Microelectronics Corporation (NYSE:UMC) Receives Consensus Recommendation of “Hold” from Brokerages

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

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

Institutional Investors Weigh In On United Microelectronics

A number of institutional investors and hedge funds have recently modified their holdings of UMC. Dynamic Advisor Solutions LLC purchased a new position in United Microelectronics during the fourth quarter valued at approximately $92,000. Tuttle Capital Management LLC bought a new position in United Microelectronics in the 4th quarter valued at $107,000. Ariadne Wealth Management LP boosted its holdings in United Microelectronics by 28.4% in the 3rd quarter. Ariadne Wealth Management LP now owns 41,898 shares of the semiconductor company’s stock valued at $298,000 after purchasing an additional 9,273 shares during the period. Coldstream Capital Management Inc. purchased a new position in shares of United Microelectronics during the 3rd quarter valued at $198,000. Finally, Lido Advisors LLC bought a new position in shares of United Microelectronics in the third quarter worth $98,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

United Microelectronics Stock Performance

Shares of UMC opened at $8.79 on Friday. United Microelectronics has a 1 year low of $5.61 and a 1 year 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 stock’s fifty day moving average price is $7.75 and its two-hundred day moving average price is $7.40. The firm has a market cap of $22.09 billion, a PE ratio of 17.24, a PEG ratio of 4.76 and a beta of 1.08.

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