ValuEngine Downgrades United Microelectronics (NYSE:UMC) to Sell

ValuEngine lowered shares of United Microelectronics (NYSE:UMC) from a hold rating to a sell rating in a research report sent to investors on Saturday, ValuEngine reports.

UMC has been the subject of a number of other reports. CLSA upgraded United Microelectronics from a sell rating to an outperform rating in a research report on Tuesday, June 25th. Macquarie upgraded United Microelectronics from a neutral rating to an outperform rating in a research report on Wednesday, July 10th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. United Microelectronics has an average rating of Hold and an average target price of $1.78.

UMC opened at $2.23 on Friday. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 56.50 and a beta of 0.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.95 and a quick ratio of 1.70. United Microelectronics has a 1-year low of $1.64 and a 1-year high of $2.38. The business has a 50 day moving average price of $2.16 and a two-hundred day moving average price of $2.10.

United Microelectronics (NYSE:UMC) last released its earnings results on Wednesday, July 24th. The semiconductor company reported $0.02 earnings per share for the quarter. The firm had revenue of $1.16 billion during the quarter. United Microelectronics had a return on equity of 1.41% and a net margin of 2.04%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. CAPROCK Group Inc. bought a new position in shares of United Microelectronics in the second quarter valued at $31,000. Private Advisor Group LLC bought a new position in shares of United Microelectronics in the second quarter valued at $42,000. Marshall Wace North America L.P. bought a new position in shares of United Microelectronics in the second quarter valued at $47,000. Parallel Advisors LLC increased its holdings in shares of United Microelectronics by 39.5% in the second quarter. Parallel Advisors LLC now owns 23,107 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 6,542 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of United Microelectronics in the second quarter valued at $61,000. 5.26% of the stock is currently owned by institutional investors.

United Microelectronics Company Profile

United Microelectronics Corporation provides semiconductor wafer foundry solutions. The company operates through Wafer Fabrication and New Business segments. It provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. The company also engages in the research, development, and manufacture of products in the solar energy and light-emitting diode industries.

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Analyst Recommendations for United Microelectronics (NYSE:UMC)

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