United Microelectronics Corporation (UMC) – What Are Investment Firms Saying About This Stock?

United Microelectronics Corporation (NYSE:UMC) has earned an average recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $36.79.

UMC has been the subject of a number of analyst reports. HSBC upgraded shares of United Microelectronics from a “hold” rating to a “buy” rating and cut their price target for the stock from $37.42 to $33.76 in a research note on Thursday, July 30th. Arete Research raised United Microelectronics from a “neutral” rating to a “buy” rating in a report on Monday, August 10th. Wall Street Zen upgraded United Microelectronics from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Weiss Ratings raised United Microelectronics from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Zacks Research cut United Microelectronics from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in UMC. Dimensional Fund Advisors LP boosted its stake in shares of United Microelectronics by 13.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,849,737 shares of the semiconductor company’s stock valued at $25,591,000 after purchasing an additional 333,011 shares in the last quarter. Nykredit A S bought a new stake in United Microelectronics during the second quarter worth about $9,525,000. Matthews International Capital Management LLC acquired a new stake in shares of United Microelectronics during the first quarter worth approximately $8,779,000. Moran Wealth Management LLC increased its holdings in shares of United Microelectronics by 14.9% during the first quarter. Moran Wealth Management LLC now owns 910,416 shares of the semiconductor company’s stock worth $8,176,000 after buying an additional 118,049 shares in the last quarter. Finally, Quantinno Capital Management LP increased its holdings in shares of United Microelectronics by 17.9% during the first quarter. Quantinno Capital Management LP now owns 710,604 shares of the semiconductor company’s stock worth $6,381,000 after buying an additional 108,050 shares in the last quarter. 5.05% of the stock is owned by institutional investors.

United Microelectronics Price Performance

NYSE:UMC opened at $18.53 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.81 and a current ratio of 2.17. The company has a 50-day moving average of $21.69 and a 200-day moving average of $19.90. United Microelectronics has a 52 week low of $6.97 and a 52 week high of $28.96. The company has a market capitalization of $46.65 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 0.47 and a beta of 1.60.

United Microelectronics (NYSE:UMC) last posted its earnings results on Tuesday, June 30th. The semiconductor company reported $0.53 earnings per share for the quarter. The business had revenue of $2.16 billion for the quarter. United Microelectronics had a net margin of 33.18% and a return on equity of 21.00%. As a group, equities research analysts anticipate that United Microelectronics will post 1.23 earnings per share for the current fiscal year.

United Microelectronics Company Profile

United Microelectronics Corp. (NYSE:UMC) is a Taiwan-based semiconductor foundry that manufactures integrated circuits for other companies. As a pure-play foundry, UMC focuses on producing chips designed by customers rather than marketing its own branded semiconductor products.

The company provides wafer fabrication services across a range of process technologies, with particular expertise in specialty applications such as display driver ICs, automotive semiconductors, connectivity products, image sensors, power management components and embedded memory.