United Microelectronics Corporation (UMC) Receiving Somewhat Positive News Coverage, Analysis Shows
Media headlines about United Microelectronics Corporation (NYSE:UMC) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. United Microelectronics Corporation earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 45.9176751747566 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s analysis:
- United Microelectronics Corporation (UMC) Upgraded to “Strong-Buy” by BidaskClub (americanbankingnews.com)
- United Microelectronics Corp. (asia.nikkei.com)
- Taiwanese companies struggle to escape founders’ shadows (asia.nikkei.com)
- United Microelectronics Corp. : UMC-US: Dividend Analysis : July 13th, 2017 (record date) : By the numbers : August 22, 2017 (finance.yahoo.com)
Shares of United Microelectronics Corporation (NYSE UMC) opened at 2.47 on Monday. The stock has a market capitalization of $6.03 billion, a P/E ratio of 19.00 and a beta of 0.60. United Microelectronics Corporation has a one year low of $1.74 and a one year high of $2.57. The company’s 50 day moving average price is $2.36 and its 200 day moving average price is $2.09.
United Microelectronics Corporation (NYSE:UMC) last issued its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The firm had revenue of $37.54 billion during the quarter, compared to the consensus estimate of $37.15 billion. United Microelectronics Corporation had a net margin of 6.52% and a return on equity of 4.58%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.37 earnings per share. On average, equities analysts expect that United Microelectronics Corporation will post $0.11 earnings per share for the current year.
The business also recently disclosed an annual dividend, which was paid on Thursday, August 17th. Shareholders of record on Tuesday, July 11th were given a dividend of $0.0827 per share. The ex-dividend date was Friday, July 7th. This is an increase from United Microelectronics Corporation’s previous annual dividend of $0.00. This represents a yield of 4.22%. United Microelectronics Corporation’s dividend payout ratio (DPR) is 46.16%.
Several brokerages recently commented on UMC. UBS AG upgraded United Microelectronics Corporation from a “neutral” rating to a “buy” rating in a report on Wednesday, June 28th. BidaskClub upgraded United Microelectronics Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday. Nomura downgraded United Microelectronics Corporation from a “neutral” rating to a “reduce” rating in a report on Friday, June 30th. Sanford C. Bernstein downgraded United Microelectronics Corporation from a “market perform” rating to an “underperform” rating and raised their target price for the company from $1.90 to $2.10 in a report on Thursday, July 27th. Finally, Credit Suisse Group downgraded United Microelectronics Corporation from a “neutral” rating to an “underperform” rating in a report on Thursday, July 27th. Eight equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. United Microelectronics Corporation presently has an average rating of “Hold” and an average price target of $2.10.
About United Microelectronics Corporation
United Microelectronics Corporation is a global semiconductor foundry. The Company provides integrated circuit (IC) production for applications spanning every sector of the electronics industry. The Company operates through two segments: wafer fabrication and new business. The primary operating activity of the Company’s wafer fabrication segment is the manufacture of chips to the design specifications of its customers by using its own processes and techniques.
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