United Microelectronics Co. (NYSE:UMC – Get Free Report) has received a consensus recommendation of “Hold” from the four ratings firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $7.40.
UMC has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut shares of United Microelectronics from an “overweight” rating to a “neutral” rating in a research note on Wednesday. The Goldman Sachs Group lowered shares of United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 price objective on the stock. in a report on Thursday, October 17th. Finally, Morgan Stanley lowered shares of United Microelectronics from an “overweight” rating to an “equal weight” rating in a report on Monday.
Read Our Latest Stock Analysis on UMC
Institutional Trading of United Microelectronics
United Microelectronics Trading Down 4.0 %
NYSE UMC traded down $0.30 on Wednesday, hitting $7.11. 8,396,870 shares of the stock were exchanged, compared to its average volume of 10,012,141. United Microelectronics has a 52-week low of $7.02 and a 52-week high of $9.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.66 and a quick ratio of 1.37. The company has a market capitalization of $17.82 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 4.12 and a beta of 1.18. The company’s 50-day moving average price is $8.31 and its two-hundred day moving average price is $8.28.
United Microelectronics (NYSE:UMC – Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.71 billion. United Microelectronics had a net margin of 23.90% and a return on equity of 14.80%. During the same quarter in the previous year, the business earned $0.20 EPS. Research analysts predict that United Microelectronics will post 0.66 EPS for the current year.
About United Microelectronics
United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.
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