Brokerages Set United Microelectronics Corporation (UMC) PT at $2.10

United Microelectronics Corporation (NYSE:UMC) has been assigned a consensus rating of “Sell” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $2.10.

UMC has been the subject of several analyst reports. HSBC Holdings plc raised shares of United Microelectronics Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, April 26th. BidaskClub downgraded shares of United Microelectronics Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. UBS AG raised shares of United Microelectronics Corporation from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 28th. Macquarie downgraded shares of United Microelectronics Corporation from a “neutral” rating to an “underperform” rating in a research report on Thursday, June 29th. Finally, Deutsche Bank AG downgraded shares of United Microelectronics Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th.

United Microelectronics Corporation (UMC) opened at 2.31 on Tuesday. United Microelectronics Corporation has a 1-year low of $1.74 and a 1-year high of $2.57. The firm’s 50-day moving average price is $2.34 and its 200-day moving average price is $2.05. The firm has a market cap of $5.64 billion, a P/E ratio of 17.77 and a beta of 0.60.

United Microelectronics Corporation (NYSE:UMC) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.01. The business had revenue of $37.54 billion during the quarter, compared to the consensus estimate of $37.15 billion. United Microelectronics Corporation had a net margin of 6.52% and a return on equity of 4.58%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 earnings per share. Equities research analysts anticipate that United Microelectronics Corporation will post $0.11 earnings per share for the current fiscal year.

The business also recently announced an annual dividend, which will be paid on Thursday, August 17th. Investors of record on Tuesday, July 11th will be issued a $0.0827 dividend. The ex-dividend date is Friday, July 7th. This represents a yield of 4.22%. This is a boost from United Microelectronics Corporation’s previous annual dividend of $0.00. United Microelectronics Corporation’s dividend payout ratio (DPR) is currently 46.16%.

A number of large investors have recently modified their holdings of UMC. Comerica Bank boosted its stake in shares of United Microelectronics Corporation by 11.4% in the fourth quarter. Comerica Bank now owns 142,899 shares of the semiconductor company’s stock valued at $269,000 after buying an additional 14,678 shares in the last quarter. State Street Corp boosted its stake in shares of United Microelectronics Corporation by 12.2% in the fourth quarter. State Street Corp now owns 2,444,493 shares of the semiconductor company’s stock valued at $4,278,000 after buying an additional 265,891 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of United Microelectronics Corporation by 3.8% in the first quarter. Bank of Montreal Can now owns 1,151,400 shares of the semiconductor company’s stock valued at $2,222,000 after buying an additional 42,500 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of United Microelectronics Corporation by 25.5% in the first quarter. Profund Advisors LLC now owns 100,416 shares of the semiconductor company’s stock valued at $194,000 after buying an additional 20,387 shares in the last quarter. Finally, Wetherby Asset Management Inc. boosted its stake in shares of United Microelectronics Corporation by 42.2% in the first quarter. Wetherby Asset Management Inc. now owns 174,862 shares of the semiconductor company’s stock valued at $338,000 after buying an additional 51,871 shares in the last quarter. Institutional investors own 6.42% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.com-unik.info/2017/08/12/united-microelectronics-corporation-umc-receives-consensus-recommendation-of-hold-from-analysts-updated-updated.html.

About United Microelectronics Corporation

United Microelectronics Corporation is a global semiconductor foundry. The Company provides integrated circuit (IC) production for applications spanning every sector of the electronics industry. The Company operates through two segments: wafer fabrication and new business. The primary operating activity of the Company’s wafer fabrication segment is the manufacture of chips to the design specifications of its customers by using its own processes and techniques.

Analyst Recommendations for United Microelectronics Corporation (NYSE:UMC)

What are top analysts saying about United Microelectronics Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for United Microelectronics Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit