Shares of United Microelectronics Co. (NYSE:UMC) have received a consensus rating of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $7.30.
UMC has been the topic of a number of recent research reports. Zacks Investment Research lowered United Microelectronics from a “buy” rating to a “hold” rating in a research note on Friday, August 27th. The Goldman Sachs Group raised United Microelectronics from a “buy” rating to a “conviction-buy” rating in a research note on Wednesday, July 28th. Sanford C. Bernstein lowered United Microelectronics from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $8.40 to $7.30 in a research note on Monday, June 7th. Credit Suisse Group raised United Microelectronics from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 28th. Finally, JPMorgan Chase & Co. upgraded United Microelectronics from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 28th.
NYSE UMC opened at $11.73 on Wednesday. The stock’s fifty day moving average is $10.77 and its two-hundred day moving average is $9.74. The firm has a market capitalization of $29.09 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 0.88 and a beta of 1.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.18 and a current ratio of 2.44. United Microelectronics has a fifty-two week low of $4.20 and a fifty-two week high of $12.61.
The firm also recently disclosed an annual dividend, which was paid on Friday, August 20th. Stockholders of record on Thursday, July 22nd were given a dividend of $0.2854 per share. This is a boost from United Microelectronics’s previous annual dividend of $0.14. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, July 21st. United Microelectronics’s dividend payout ratio is currently 52.38%.
Several large investors have recently added to or reduced their stakes in UMC. FMR LLC boosted its position in shares of United Microelectronics by 256,831,800.0% in the 1st quarter. FMR LLC now owns 2,568,319 shares of the semiconductor company’s stock valued at $4,828,000 after purchasing an additional 2,568,318 shares during the period. Comerica Bank boosted its position in shares of United Microelectronics by 4.1% in the 1st quarter. Comerica Bank now owns 139,503 shares of the semiconductor company’s stock valued at $1,482,000 after purchasing an additional 5,497 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of United Microelectronics by 24.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 25,791 shares of the semiconductor company’s stock valued at $234,000 after purchasing an additional 5,102 shares during the period. Natixis Advisors L.P. acquired a new stake in shares of United Microelectronics in the 1st quarter valued at about $301,000. Finally, TCW Group Inc. acquired a new stake in shares of United Microelectronics in the 1st quarter valued at about $519,000. 3.59% of the stock is owned by institutional investors and hedge funds.
United Microelectronics Company Profile
United Microelectronics Corp. engages in the semiconductor foundry business. It offers complementary metal-oxide semiconductor logic wafers, mixed signal wafers, radio frequency complementary metal-oxide semiconductor wafers, embedded memory products, high voltage integrated circuits, and complementary metal-oxide semiconductor image sensors.
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