Shares of United Microelectronics Corporation (NYSE:UMC - Get Free Report) have received an average rating of "Reduce" from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $8.60.
Several research firms recently weighed in on UMC. Wall Street Zen raised shares of United Microelectronics from a "hold" rating to a "buy" rating in a research report on Saturday, July 25th. Weiss Ratings raised shares of United Microelectronics from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, July 30th. Zacks Research upgraded shares of United Microelectronics from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Finally, BNP Paribas Exane reaffirmed an "underperform" rating on shares of United Microelectronics in a report on Thursday, May 28th.
Get Our Latest Stock Analysis on United Microelectronics
Institutional Investors Weigh In On United Microelectronics
A number of large investors have recently modified their holdings of UMC. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of United Microelectronics by 3,854.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 168,648 shares of the semiconductor company's stock worth $1,326,000 after acquiring an additional 164,383 shares during the period. Moran Wealth Management LLC increased its stake in United Microelectronics by 13.8% in the fourth quarter. Moran Wealth Management LLC now owns 792,367 shares of the semiconductor company's stock valued at $6,228,000 after purchasing an additional 95,871 shares in the last quarter. QRG Capital Management Inc. raised its stake in United Microelectronics by 115.3% during the 1st quarter. QRG Capital Management Inc. now owns 86,927 shares of the semiconductor company's stock worth $781,000 after buying an additional 46,549 shares during the period. Matthews International Capital Management LLC acquired a new position in shares of United Microelectronics during the first quarter worth approximately $8,779,000. Finally, Ethic Inc. raised its holdings in United Microelectronics by 16.6% during the fourth quarter. Ethic Inc. now owns 495,589 shares of the semiconductor company's stock worth $3,895,000 after buying an additional 70,597 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company's stock.
United Microelectronics Stock Down 2.5%
NYSE UMC opened at $18.71 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.81 and a debt-to-equity ratio of 0.10. The company has a market cap of $47.12 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 0.44 and a beta of 1.60. The company has a 50 day moving average of $22.36 and a 200-day moving average of $15.46. United Microelectronics has a 1-year low of $6.56 and a 1-year high of $28.96.
United Microelectronics (NYSE:UMC - Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter. United Microelectronics had a return on equity of 21.00% and a net margin of 33.18%.The business had revenue of $2.16 billion for the quarter. On average, equities research analysts expect that United Microelectronics will post 1.23 earnings per share for the current fiscal year.
United Microelectronics Increases Dividend
The company also recently disclosed an annual dividend, which was paid on Thursday, August 6th. Shareholders of record on Wednesday, July 8th were given a dividend of $0.4122 per share. This is an increase from United Microelectronics's previous annual dividend of $0.37. This represents a yield of 166.0%. The ex-dividend date was Wednesday, July 8th. United Microelectronics's dividend payout ratio (DPR) is presently 28.97%.
About United Microelectronics
(
Get Free Report)
United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed NYSE: UMC and focuses on high-reliability manufacturing rather than branding consumer products.
UMC's core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.
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