United Microelectronics (NYSE:UMC) is scheduled to post its quarterly earnings results before the market opens on Wednesday, April 24th. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

United Microelectronics (NYSE:UMC) last issued its earnings results on Tuesday, January 29th. The semiconductor company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). United Microelectronics had a return on equity of 3.35% and a net margin of 4.73%. The company had revenue of $35.52 billion during the quarter, compared to the consensus estimate of $36.74 billion. The business’s quarterly revenue was down 3.0% on a year-over-year basis.

Shares of NYSE UMC opened at $1.90 on Tuesday. United Microelectronics has a 52 week low of $1.64 and a 52 week high of $3.14. The company has a quick ratio of 2.46, a current ratio of 2.83 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 19.30 and a beta of 0.81.

Several research analysts have commented on the company. ValuEngine upgraded United Microelectronics from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. HSBC downgraded United Microelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. Five analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. United Microelectronics currently has an average rating of “Hold” and a consensus target price of $2.19.

An institutional investor recently raised its position in United Microelectronics stock. Geode Capital Management LLC grew its holdings in shares of United Microelectronics Corp (NYSE:UMC) by 487.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 704,000 shares of the semiconductor company’s stock after acquiring an additional 584,209 shares during the quarter. Geode Capital Management LLC’s holdings in United Microelectronics were worth $1,260,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.19% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this news story can be read at https://www.watchlistnews.com/united-microelectronics-umc-to-release-quarterly-earnings-on-wednesday/2981753.html.

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.

Further Reading: Earnings Per Share

Earnings History 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.