United Microelectronics (NYSE:UMC) Sees Large Volume Increase

Shares of United Microelectronics Corp (NYSE:UMC) saw unusually-high trading volume on Friday . Approximately 1,978,300 shares traded hands during trading, an increase of 235% from the previous session’s volume of 590,466 shares.The stock last traded at $2.22 and had previously closed at $2.18.

UMC has been the subject of a number of recent research reports. ValuEngine raised shares of United Microelectronics from a “sell” rating to a “hold” rating in a research note on Tuesday, July 2nd. CLSA upgraded shares of United Microelectronics from a “sell” rating to an “outperform” rating in a research note on Tuesday, June 25th. Finally, Macquarie upgraded shares of United Microelectronics from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $1.78.

The company has a market capitalization of $5.24 billion, a P/E ratio of 54.00 and a beta of 0.95. The company’s 50-day moving average price is $2.08 and its two-hundred day moving average price is $2.04. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.95 and a quick ratio of 1.70.



United Microelectronics (NYSE:UMC) last issued its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $0.02 earnings per share for the quarter. The company had revenue of $1.16 billion for the quarter. United Microelectronics had a net margin of 2.04% and a return on equity of 1.41%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Parallel Advisors LLC raised its holdings in United Microelectronics by 175.9% during the 1st quarter. Parallel Advisors LLC now owns 16,565 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 10,560 shares during the last quarter. CAPROCK Group Inc. purchased a new stake in shares of United Microelectronics in the 2nd quarter worth $31,000. Private Advisor Group LLC purchased a new stake in shares of United Microelectronics in the 2nd quarter worth $42,000. Marshall Wace North America L.P. purchased a new stake in shares of United Microelectronics in the 2nd quarter worth $47,000. Finally, First Allied Advisory Services Inc. lifted its holdings in shares of United Microelectronics by 150.2% in the 1st quarter. First Allied Advisory Services Inc. now owns 26,126 shares of the semiconductor company’s stock worth $48,000 after buying an additional 15,684 shares during the period. 5.09% of the stock is currently owned by institutional investors.

About United Microelectronics (NYSE:UMC)

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.

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