United Microelectronics (NYSE:UMC – Get Rating) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday.
UMC has been the subject of several other reports. Bank of America assumed coverage on shares of United Microelectronics in a report on Monday, January 9th. They set a “buy” rating for the company. Loop Capital began coverage on shares of United Microelectronics in a report on Monday. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.
United Microelectronics Price Performance
Shares of UMC stock opened at $7.83 on Wednesday. The firm has a market cap of $19.55 billion, a P/E ratio of 6.69, a P/E/G ratio of 4.19 and a beta of 1.22. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.47 and a quick ratio of 2.19. United Microelectronics has a 1-year low of $5.36 and a 1-year high of $10.77. The firm has a fifty day moving average of $7.18 and a two-hundred day moving average of $6.70.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Quantbot Technologies LP acquired a new position in shares of United Microelectronics in the 1st quarter valued at about $36,000. CoreCap Advisors LLC acquired a new position in shares of United Microelectronics in the 2nd quarter valued at about $28,000. Guardian Wealth Advisors LLC bought a new stake in United Microelectronics in the 3rd quarter valued at about $25,000. Penserra Capital Management LLC bought a new stake in United Microelectronics in the 3rd quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC lifted its position in United Microelectronics by 127.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,405 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 4,706 shares during the last quarter. 5.35% of the stock is owned by institutional investors and hedge funds.
United Microelectronics Company Profile
United Microelectronics Corp. is engaged in the semiconductor foundry business, which offers complementary metal-oxide semiconductor logic wafers, mixed signal wafers, radio frequency complementary metal-oxide semiconductor wafers, embedded memory products, high voltage integrated circuits, and complementary metal-oxide semiconductor image sensors.
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