United Microelectronics Co. (NYSE:UMC) Given Consensus Rating of "Hold" by Brokerages

United Microelectronics Co. (NYSE:UMC - Get Free Report) has been given an average rating of "Hold" by the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $7.40.

A number of brokerages have issued reports on UMC. Citigroup raised United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a report on Friday, March 21st. Wedbush downgraded shares of United Microelectronics from an "outperform" rating to a "neutral" rating in a report on Wednesday, April 16th.

United Microelectronics Stock Up 3.2%

Shares of United Microelectronics stock traded up $0.24 during trading on Friday, reaching $7.69. The company's stock had a trading volume of 22,171,173 shares, compared to its average volume of 12,655,438. United Microelectronics has a 1-year low of $5.61 and a 1-year high of $9.00. The company has a 50-day simple moving average of $6.81 and a two-hundred day simple moving average of $6.62. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16. The company has a market cap of $19.26 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 4.44 and a beta of 1.13.

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

Institutional Investors Weigh In On United Microelectronics

A number of institutional investors have recently added to or reduced their stakes in UMC. Golden State Wealth Management LLC purchased a new position in United Microelectronics during the first quarter valued at $29,000. Farther Finance Advisors LLC raised 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 worth $35,000 after purchasing an additional 2,859 shares during the last quarter. Savant Capital LLC purchased a new position in United Microelectronics in the 4th quarter valued at about $66,000. Verdence Capital Advisors LLC acquired a new stake in United Microelectronics in the 4th quarter worth about $69,000. Finally, Callan Family Office LLC acquired a new position in shares of United Microelectronics during the fourth quarter valued at approximately $70,000. Institutional investors and hedge funds own 5.05% of the company's stock.

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.