United Microelectronics Co. (NYSE:UMC) Receives $7.40 Consensus Target Price from Analysts

Shares of United Microelectronics Co. (NYSE:UMC - Get Free Report) have been assigned an average recommendation of "Hold" from the five analysts that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $7.40.

UMC has been the subject of a number of recent analyst reports. Wedbush lowered shares of United Microelectronics from an "outperform" rating to a "neutral" rating in a research report on Wednesday, April 16th. Citigroup upgraded shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, March 21st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UMC. Golden State Wealth Management LLC acquired a new stake in shares of United Microelectronics during the 1st quarter valued at about $29,000. Farther Finance Advisors LLC boosted its position in shares of United Microelectronics by 134.8% during the 1st quarter. Farther Finance Advisors LLC now owns 4,980 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 2,859 shares in the last quarter. Savant Capital LLC acquired a new stake in shares of United Microelectronics during the 4th quarter valued at about $66,000. Verdence Capital Advisors LLC acquired a new stake in shares of United Microelectronics during the 4th quarter valued at about $69,000. Finally, Callan Family Office LLC acquired a new stake in shares of United Microelectronics during the 4th quarter valued at about $70,000. Institutional investors own 5.05% of the company's stock.

United Microelectronics Trading Up 1.1%

UMC traded up $0.09 during trading on Friday, hitting $7.83. 1,484,525 shares of the company's stock were exchanged, compared to its average volume of 12,644,901. The stock has a 50 day moving average price of $6.87 and a 200 day moving average price of $6.64. United Microelectronics has a 1 year low of $5.61 and a 1 year high of $9.00. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. The firm has a market cap of $19.61 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 4.44 and a beta of 1.13.

United Microelectronics (NYSE:UMC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $57.63 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The company's revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 earnings per share. As a group, analysts expect that United Microelectronics will post 0.51 EPS for the current fiscal year.

About United Microelectronics

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.