Mizuho upgraded shares of United Microelectronics (NYSE:UMC) from an underperform rating to a neutral rating in a research report released on Monday.

Other research analysts have also issued research reports about the company. Morgan Stanley raised United Microelectronics from an underweight rating to an equal weight rating in a report on Monday, July 2nd. ValuEngine lowered United Microelectronics from a buy rating to a hold rating in a report on Thursday, April 26th. Finally, Sanford C. Bernstein raised United Microelectronics from an underperform rating to a market perform rating and boosted their price objective for the stock from $2.10 to $2.60 in a report on Sunday, June 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. United Microelectronics has a consensus rating of Hold and an average target price of $2.60.

Shares of NYSE UMC opened at $2.75 on Monday. United Microelectronics has a 12 month low of $2.21 and a 12 month high of $3.14. The company has a quick ratio of 1.64, a current ratio of 1.88 and a debt-to-equity ratio of 0.24. The stock has a market cap of $6.82 billion, a PE ratio of 18.60 and a beta of 0.55.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings data on Wednesday, April 25th. The semiconductor company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. United Microelectronics had a return on equity of 5.03% and a net margin of 7.21%. The company had revenue of $37.50 billion during the quarter, compared to analyst estimates of $36.58 billion. During the same quarter in the previous year, the firm earned $0.02 earnings per share. United Microelectronics’s revenue was up .2% on a year-over-year basis.

The company also recently announced an annual dividend, which will be paid on Tuesday, August 7th. Shareholders of record on Tuesday, July 10th will be paid a $0.1179 dividend. The ex-dividend date of this dividend is Monday, July 9th. This represents a yield of 4%. This is a positive change from United Microelectronics’s previous annual dividend of $0.08.

Several large investors have recently added to or reduced their stakes in the company. Two Sigma Securities LLC purchased a new stake in shares of United Microelectronics during the fourth quarter valued at approximately $118,000. Two Sigma Advisers LP boosted its stake in shares of United Microelectronics by 6.7% during the fourth quarter. Two Sigma Advisers LP now owns 913,530 shares of the semiconductor company’s stock valued at $2,183,000 after purchasing an additional 57,300 shares during the period. Geode Capital Management LLC boosted its stake in shares of United Microelectronics by 496.6% during the fourth quarter. Geode Capital Management LLC now owns 76,762 shares of the semiconductor company’s stock valued at $182,000 after purchasing an additional 63,896 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of United Microelectronics by 14.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 582,208 shares of the semiconductor company’s stock valued at $1,392,000 after purchasing an additional 71,430 shares during the period. Finally, Mackenzie Financial Corp purchased a new stake in shares of United Microelectronics during the fourth quarter valued at approximately $272,000. 5.61% of the stock is owned by hedge funds and other institutional investors.

United Microelectronics Company Profile

United Microelectronics Corporation provides semiconductor wafer foundry solutions. The company operates through Wafer Fabrication and New Business segments. It provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. The company also engages in the research, development, and manufacture of products in the solar energy and light-emitting diode industries.

Analyst Recommendations for United Microelectronics (NYSE:UMC)

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