United Microelectronics Co. (NYSE:UMC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of United Microelectronics Co. (NYSE:UMCGet Rating) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company.

A number of equities research analysts have recently issued reports on the stock. Mizuho downgraded shares of United Microelectronics from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 27th. Citigroup downgraded United Microelectronics from a “buy” rating to a “sell” rating in a research report on Tuesday, July 12th. Wedbush restated an “outperform” rating on shares of United Microelectronics in a research report on Wednesday, July 27th. Finally, StockNews.com upgraded United Microelectronics from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 5th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Profund Advisors LLC grew its stake in shares of United Microelectronics by 3.1% during the 4th quarter. Profund Advisors LLC now owns 39,233 shares of the semiconductor company’s stock valued at $459,000 after buying an additional 1,166 shares during the period. OneAscent Financial Services LLC grew its stake in shares of United Microelectronics by 12.4% during the 1st quarter. OneAscent Financial Services LLC now owns 12,315 shares of the semiconductor company’s stock valued at $112,000 after buying an additional 1,363 shares during the period. Advisor Partners LLC grew its stake in shares of United Microelectronics by 13.1% during the 1st quarter. Advisor Partners LLC now owns 12,077 shares of the semiconductor company’s stock valued at $110,000 after buying an additional 1,401 shares during the period. Fulcrum Equity Management grew its stake in shares of United Microelectronics by 9.0% during the 1st quarter. Fulcrum Equity Management now owns 18,263 shares of the semiconductor company’s stock valued at $167,000 after buying an additional 1,502 shares during the period. Finally, CWM LLC grew its stake in shares of United Microelectronics by 19.5% during the 2nd quarter. CWM LLC now owns 9,920 shares of the semiconductor company’s stock valued at $67,000 after buying an additional 1,619 shares during the period. 4.72% of the stock is currently owned by institutional investors and hedge funds.

United Microelectronics Price Performance

UMC stock opened at $6.96 on Friday. The firm has a 50 day moving average of $7.39 and a 200-day moving average of $8.45. United Microelectronics has a 12-month low of $6.24 and a 12-month high of $12.68. The company has a current ratio of 2.68, a quick ratio of 2.41 and a debt-to-equity ratio of 0.17. The company has a market cap of $17.29 billion, a price-to-earnings ratio of 6.50 and a beta of 1.09.

United Microelectronics Increases Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, July 21st. Shareholders of record on Wednesday, June 22nd were issued a $0.2866 dividend. The ex-dividend date of this dividend was Tuesday, June 21st. This is an increase from United Microelectronics’s previous annual dividend of $0.29. This represents a yield of 7.1%. United Microelectronics’s payout ratio is 20.56%.

About United Microelectronics

(Get Rating)

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, 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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Analyst Recommendations for United Microelectronics (NYSE:UMC)

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