United Microelectronics (NYSE:UMC) Earns "Sell" Rating from The Goldman Sachs Group

United Microelectronics (NYSE:UMC - Get Free Report)'s stock had its "sell" rating reaffirmed by stock analysts at The Goldman Sachs Group in a report released on Friday, Marketbeat reports.

A number of other brokerages also recently weighed in on UMC. Citigroup upgraded shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a report on Friday, March 21st. Wedbush lowered shares of United Microelectronics from an "outperform" rating to a "neutral" rating in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $7.40.

United Microelectronics Price Performance

Shares of NYSE UMC opened at $8.09 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. The business has a 50-day moving average of $7.02 and a 200-day moving average of $6.67. The stock has a market capitalization of $20.26 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 4.44 and a beta of 1.13. United Microelectronics has a fifty-two week low of $5.61 and a fifty-two week high of $9.00.

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

Institutional Investors Weigh In On United Microelectronics

Several hedge funds have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC bought a new position in shares of United Microelectronics in the first quarter valued at about $29,000. Farther Finance Advisors LLC grew its stake in United Microelectronics by 134.8% in the 1st quarter. Farther Finance Advisors LLC now owns 4,980 shares of the semiconductor company's stock valued at $35,000 after buying an additional 2,859 shares during the last quarter. Savant Capital LLC bought 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 during the fourth quarter worth approximately $69,000. Finally, Callan Family Office LLC bought a new stake in shares of United Microelectronics during the fourth quarter worth 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.

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