Nomura lowered shares of United Microelectronics (NYSE:UMC) from a buy rating to a neutral rating in a report issued on Friday morning, MarketBeat.com reports.

Several other equities research analysts also recently issued reports on UMC. Morgan Stanley upgraded United Microelectronics from an underweight rating to an equal weight rating in a report on Monday, July 2nd. Mizuho upgraded United Microelectronics from an underperform rating to a neutral rating in a report on Monday, July 9th. CLSA downgraded United Microelectronics from an outperform rating to an underperform rating in a report on Monday, October 8th. ValuEngine downgraded United Microelectronics from a hold rating to a sell rating in a report on Monday, October 8th. Finally, JPMorgan Chase & Co. downgraded United Microelectronics from a neutral rating to an underweight rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. United Microelectronics presently has an average rating of Hold and an average price target of $2.60.

Shares of United Microelectronics stock traded down $0.03 during trading hours on Friday, hitting $2.19. The company’s stock had a trading volume of 1,577,888 shares, compared to its average volume of 1,060,794. United Microelectronics has a 12 month low of $2.16 and a 12 month high of $3.14. The company has a market capitalization of $6.31 billion, a P/E ratio of 15.18 and a beta of 0.51. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.32 and a quick ratio of 2.02.

United Microelectronics (NYSE:UMC) last announced its quarterly earnings results on Wednesday, July 25th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. United Microelectronics had a return on equity of 5.74% and a net margin of 8.16%. The company had revenue of $38.85 million during the quarter, compared to the consensus estimate of $40.93 billion. During the same period in the prior year, the company earned $0.03 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year.

Large investors have recently bought and sold shares of the stock. Citadel Advisors LLC grew its holdings in shares of United Microelectronics by 61.5% during the second quarter. Citadel Advisors LLC now owns 140,055 shares of the semiconductor company’s stock worth $395,000 after buying an additional 53,347 shares in the last quarter. Signaturefd LLC grew its holdings in shares of United Microelectronics by 11.1% during the second quarter. Signaturefd LLC now owns 180,459 shares of the semiconductor company’s stock worth $509,000 after buying an additional 18,069 shares in the last quarter. Wetherby Asset Management Inc. grew its holdings in shares of United Microelectronics by 17.2% during the second quarter. Wetherby Asset Management Inc. now owns 234,684 shares of the semiconductor company’s stock worth $662,000 after buying an additional 34,474 shares in the last quarter. Bank of Montreal Can bought a new position in shares of United Microelectronics during the second quarter worth about $1,058,000. Finally, Jane Street Group LLC grew its holdings in shares of United Microelectronics by 172.0% during the second quarter. Jane Street Group LLC now owns 582,332 shares of the semiconductor company’s stock worth $1,642,000 after buying an additional 368,223 shares in the last quarter. Institutional investors and hedge funds own 5.39% of the company’s stock.

About United Microelectronics

United Microelectronics Corp. engages in the semiconductor foundry business. It offers complementary metal-oxide semiconductor (CMOS) logic wafers, mixed signal wafers, radio frequency complementary metal-oxide semiconductor wafers, embedded memory products, high voltage integrated circuits (ICs), and complementary metal-oxide semiconductor image sensors.

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Analyst Recommendations for United Microelectronics (NYSE:UMC)

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