United Microelectronics Corporation (NYSE:UMC) Given Average Rating of “Hold” by Brokerages

United Microelectronics Corporation (NYSE:UMC) has received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $8.60.

Several equities research analysts recently weighed in on UMC shares. Bank of America downgraded shares of United Microelectronics from a “buy” rating to an “underperform” rating in a research note on Wednesday, November 12th. Wall Street Zen lowered United Microelectronics from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. BNP Paribas Exane raised United Microelectronics to a “strong-buy” rating in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of United Microelectronics in a report on Thursday, January 29th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in UMC. Summit Global Investments purchased a new position in United Microelectronics during the 3rd quarter worth approximately $1,097,000. Vise Technologies Inc. purchased a new stake in United Microelectronics in the second quarter valued at approximately $1,474,000. North of South Capital LLP acquired a new stake in shares of United Microelectronics in the third quarter valued at approximately $948,000. West Family Investments Inc. grew its position in shares of United Microelectronics by 37.2% during the second quarter. West Family Investments Inc. now owns 187,696 shares of the semiconductor company’s stock worth $1,436,000 after acquiring an additional 50,925 shares during the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new stake in United Microelectronics in the 2nd quarter valued at $475,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

United Microelectronics Stock Down 0.3%

NYSE:UMC opened at $10.41 on Monday. United Microelectronics has a 52 week low of $5.71 and a 52 week high of $12.68. The company has a quick ratio of 1.91, a current ratio of 2.34 and a debt-to-equity ratio of 0.12. The stock’s fifty day moving average is $9.59 and its two-hundred day moving average is $8.12. The stock has a market capitalization of $26.14 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 5.55 and a beta of 1.08.

United Microelectronics (NYSE:UMC) last posted its earnings results on Wednesday, January 28th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.93 billion. United Microelectronics had a return on equity of 11.45% and a net margin of 17.60%.United Microelectronics’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 EPS. Research analysts anticipate that United Microelectronics will post 0.51 EPS for the current year.

United Microelectronics Company Profile

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed (NYSE: UMC) and focuses on high-reliability manufacturing rather than branding consumer products.

UMC’s core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.