United Microelectronics Corp (NYSE:UMC) has earned a consensus recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $2.60.

A number of research analysts have commented on UMC shares. Morgan Stanley upgraded United Microelectronics from an “underweight” rating to an “equal weight” rating in a research note on Monday, July 2nd. ValuEngine cut United Microelectronics from a “buy” rating to a “hold” rating in a research note on Thursday, April 26th. Mizuho upgraded United Microelectronics from an “underperform” rating to a “neutral” rating in a research note on Monday, July 9th. Finally, Sanford C. Bernstein upgraded 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 research note on Sunday, June 10th.

Several large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its stake in shares of United Microelectronics by 172.0% in the second quarter. Jane Street Group LLC now owns 582,332 shares of the semiconductor company’s stock worth $1,642,000 after acquiring an additional 368,223 shares in the last quarter. Signaturefd LLC lifted its stake in shares of United Microelectronics by 11.1% in the second quarter. Signaturefd LLC now owns 180,459 shares of the semiconductor company’s stock worth $509,000 after acquiring an additional 18,069 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of United Microelectronics by 7.6% in the second quarter. Renaissance Technologies LLC now owns 17,839,989 shares of the semiconductor company’s stock worth $50,309,000 after acquiring an additional 1,254,600 shares in the last quarter. Citadel Advisors LLC lifted its stake in shares of United Microelectronics by 61.5% in the second quarter. Citadel Advisors LLC now owns 140,055 shares of the semiconductor company’s stock worth $395,000 after acquiring an additional 53,347 shares in the last quarter. Finally, Aperio Group LLC lifted its stake in shares of United Microelectronics by 7.6% in the second quarter. Aperio Group LLC now owns 10,747,314 shares of the semiconductor company’s stock worth $30,307,000 after acquiring an additional 757,796 shares in the last quarter. Institutional investors and hedge funds own 5.59% of the company’s stock.

Shares of UMC traded up $0.02 during midday trading on Friday, reaching $2.73. 918,100 shares of the company were exchanged, compared to its average volume of 1,116,116. The stock has a market cap of $6.89 billion, a PE ratio of 16.59 and a beta of 0.60. United Microelectronics has a 1-year low of $2.27 and a 1-year high of $3.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.88 and a quick ratio of 1.64.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings data on Wednesday, July 25th. The semiconductor company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.03. The company had revenue of $38.85 million for the quarter, compared to analysts’ expectations of $40.93 billion. United Microelectronics had a return on equity of 5.72% and a net margin of 8.16%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 earnings per share.

The firm also recently declared an annual dividend, which was paid on Tuesday, August 7th. Investors of record on Tuesday, July 10th were paid a $0.1179 dividend. This is a boost from United Microelectronics’s previous annual dividend of $0.08. The ex-dividend date of this dividend was Monday, July 9th. This represents a dividend yield of 4%.

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.

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Analyst Recommendations for United Microelectronics (NYSE:UMC)

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