Macquarie upgraded shares of United Microelectronics (NYSE:UMC) from a neutral rating to an outperform rating in a research report report published on Wednesday morning, Briefing.com Automated Import reports.

Several other research firms have also commented on UMC. HSBC upgraded United Microelectronics from a reduce rating to a hold rating in a research note on Wednesday, April 24th. Goldman Sachs Group set a €40.50 ($47.09) price target on Koninklijke Philips and gave the stock a buy rating in a research note on Tuesday, May 7th. Credit Suisse Group upgraded United Microelectronics from an underperform rating to a neutral rating in a research note on Wednesday, April 24th. CLSA upgraded United Microelectronics from a sell rating to an outperform rating in a research note on Tuesday, June 25th. Finally, ValuEngine lowered Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $1.78.

United Microelectronics stock traded up $0.01 during trading on Wednesday, hitting $2.33. The company’s stock had a trading volume of 1,395,202 shares, compared to its average volume of 609,870. The stock has a market capitalization of $5.26 billion, a PE ratio of 31.57 and a beta of 0.95. The stock has a fifty day moving average price of $2.11. United Microelectronics has a 1-year low of $1.64 and a 1-year high of $2.96. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.79 and a quick ratio of 2.43.

United Microelectronics (NYSE:UMC) last released its earnings results on Wednesday, April 24th. The semiconductor company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $32.58 billion during the quarter, compared to analyst estimates of $32.76 billion. United Microelectronics had a return on equity of 2.31% and a net margin of 3.33%. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share.

The company also recently declared an annual dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Tuesday, July 16th will be paid a dividend of $0.0936 per share. The ex-dividend date is Monday, July 15th. This represents a yield of 5.45%.

A number of large investors have recently made changes to their positions in the business. LMR Partners LLP increased its stake in United Microelectronics by 195.9% during the fourth quarter. LMR Partners LLP now owns 16,297,975 shares of the semiconductor company’s stock worth $30,010,000 after acquiring an additional 10,789,991 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of United Microelectronics by 23.8% in the first quarter. Parametric Portfolio Associates LLC now owns 7,775,653 shares of the semiconductor company’s stock worth $14,618,000 after buying an additional 1,497,157 shares during the period. Northern Trust Corp boosted its position in shares of United Microelectronics by 76.5% in the fourth quarter. Northern Trust Corp now owns 2,676,785 shares of the semiconductor company’s stock worth $4,791,000 after buying an additional 1,159,883 shares during the period. FMR LLC boosted its position in shares of United Microelectronics by 256,831,800.0% in the first quarter. FMR LLC now owns 2,568,319 shares of the semiconductor company’s stock worth $4,828,000 after buying an additional 2,568,318 shares during the period. Finally, Millennium Management LLC boosted its position in shares of United Microelectronics by 140.3% in the fourth quarter. Millennium Management LLC now owns 1,920,712 shares of the semiconductor company’s stock worth $3,438,000 after buying an additional 1,121,267 shares during the period. Institutional investors own 5.32% of the company’s stock.

United Microelectronics Company Profile

United Microelectronics Corporation provides semiconductor wafer foundry solutions. The company operates through Wafer Fabrication and New Business segments. It provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. The company also engages in the research, development, and manufacture of products in the solar energy and light-emitting diode industries.

Featured Story: How to Use a Moving Average for TradingĀ 

Analyst Recommendations for United Microelectronics (NYSE:UMC)

Receive News & Ratings for United Microelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Microelectronics and related companies with MarketBeat.com's FREE daily email newsletter.