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

United Microelectronics Corporation (NYSE:UMC - Get Free Report) has received an average rating of "Hold" from the five research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $7.40.

UMC has been the subject of several analyst reports. Citigroup upgraded shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a report on Friday, March 21st. The Goldman Sachs Group reiterated a "sell" rating on shares of United Microelectronics in a report on Friday, May 23rd. Finally, 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 1.4%

United Microelectronics stock opened at $7.68 on Monday. United Microelectronics has a 1-year low of $5.61 and a 1-year high of $8.95. The firm has a market capitalization of $19.28 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 1.64 and a beta of 1.15. The firm's fifty day moving average price is $7.64 and its two-hundred day moving average price is $6.86. The company has a current ratio of 2.64, a quick ratio of 2.15 and a debt-to-equity ratio of 0.11.

United Microelectronics (NYSE:UMC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $57.63 billion. United Microelectronics had a net margin of 18.97% and a return on equity of 12.10%. The business's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. On average, equities research analysts predict that United Microelectronics will post 0.51 earnings per share for the current fiscal year.

United Microelectronics Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, July 23rd. Investors of record on Tuesday, June 24th will be issued a dividend of $0.3661 per share. This represents a yield of 4.6%. The ex-dividend date is Tuesday, June 24th. This is an increase from United Microelectronics's previous annual dividend of $0.36. United Microelectronics's dividend payout ratio (DPR) is 68.52%.

Institutional Trading of United Microelectronics

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in United Microelectronics by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 15,947,754 shares of the semiconductor company's stock worth $103,501,000 after buying an additional 750,472 shares during the last quarter. Millennium Management LLC increased its holdings in United Microelectronics by 3,091.8% during the fourth quarter. Millennium Management LLC now owns 14,329,393 shares of the semiconductor company's stock worth $92,998,000 after buying an additional 13,880,446 shares during the last quarter. Fisher Asset Management LLC increased its holdings in United Microelectronics by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 7,300,362 shares of the semiconductor company's stock worth $47,379,000 after buying an additional 237,024 shares during the last quarter. Citigroup Inc. increased its holdings in United Microelectronics by 3.4% during the first quarter. Citigroup Inc. now owns 6,030,617 shares of the semiconductor company's stock worth $43,119,000 after buying an additional 196,262 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in United Microelectronics by 10.5% during the first quarter. Goldman Sachs Group Inc. now owns 5,655,721 shares of the semiconductor company's stock worth $40,438,000 after buying an additional 537,777 shares during the last quarter. Hedge funds and other institutional investors 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.

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