StockNews.com started coverage on shares of United Microelectronics (NYSE:UMC – Get Rating) in a report issued on Thursday. The brokerage issued a buy rating on the semiconductor company’s stock.
A number of other research analysts have also weighed in on UMC. Bank of America began coverage on United Microelectronics in a report on Monday, January 9th. They issued a buy rating on the stock. Citigroup upgraded United Microelectronics from a neutral rating to a buy rating in a report on Tuesday, February 28th. Finally, Loop Capital began coverage on United Microelectronics in a report on Monday, January 23rd. They issued a hold rating on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy.
United Microelectronics Price Performance
United Microelectronics stock opened at $8.60 on Thursday. The company’s fifty day moving average price is $8.08 and its 200 day moving average price is $7.08. United Microelectronics has a 1 year low of $5.36 and a 1 year high of $9.61. The stock has a market capitalization of $21.47 billion, a P/E ratio of 7.35, a P/E/G ratio of 4.48 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.19 and a current ratio of 2.47.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of UMC. Guardian Wealth Advisors LLC purchased a new position in shares of United Microelectronics during the 3rd quarter worth $25,000. Kistler Tiffany Companies LLC purchased a new position in shares of United Microelectronics during the 4th quarter worth $25,000. CoreCap Advisors LLC purchased a new stake in United Microelectronics in the 2nd quarter valued at about $28,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in United Microelectronics by 185.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,275 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 2,775 shares during the period. Finally, Penserra Capital Management LLC purchased a new stake in United Microelectronics in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 5.35% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on United Microelectronics (UMC)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for United Microelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Microelectronics and related companies with MarketBeat.com's FREE daily email newsletter.