Somewhat Positive News Coverage Somewhat Unlikely to Affect United Microelectronics Corporation (UMC) Stock Price
News coverage about United Microelectronics Corporation (NYSE:UMC) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. United Microelectronics Corporation earned a news impact score of 0.21 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 47.8679917712413 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several research analysts recently issued reports on UMC shares. BidaskClub upgraded United Microelectronics Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Citigroup Inc. downgraded United Microelectronics Corporation from a “neutral” rating to a “sell” rating in a research report on Wednesday, July 26th. Credit Suisse Group downgraded United Microelectronics Corporation from a “neutral” rating to an “underperform” rating in a research report on Thursday, July 27th. Sanford C. Bernstein cut shares of United Microelectronics Corporation from a “market perform” rating to an “underperform” rating and lifted their target price for the stock from $1.90 to $2.10 in a research note on Thursday, July 27th. Finally, Daiwa Capital Markets cut shares of United Microelectronics Corporation from a “hold” rating to an “underperform” rating in a research note on Wednesday, July 26th. Eight equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $2.10.
Shares of United Microelectronics Corporation (UMC) traded down $0.02 during midday trading on Tuesday, hitting $2.57. 1,021,600 shares of the stock traded hands, compared to its average volume of 1,828,078. United Microelectronics Corporation has a one year low of $1.74 and a one year high of $2.73. The stock has a market cap of $6,332.20, a PE ratio of 18.50 and a beta of 0.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.37 and a quick ratio of 1.18.
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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