United Microelectronics Corporation (UMC) – Investment Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of United Microelectronics Corporation (NYSE: UMC) in the last few weeks:

  • 7/31/2017 – United Microelectronics Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/27/2017 – United Microelectronics Corporation was downgraded by analysts at Credit Suisse Group from a “neutral” rating to an “underperform” rating.
  • 7/27/2017 – United Microelectronics Corporation was downgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “underperform” rating. They now have a $2.10 price target on the stock, up previously from $1.90.
  • 7/26/2017 – United Microelectronics Corporation was downgraded by analysts at Daiwa Capital Markets from a “hold” rating to an “underperform” rating.
  • 7/26/2017 – United Microelectronics Corporation was downgraded by analysts at Citigroup Inc. from a “neutral” rating to a “sell” rating.
  • 7/26/2017 – United Microelectronics Corporation was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating.
  • 7/3/2017 – United Microelectronics Corporation was downgraded by analysts at Instinet from a “neutral” rating to a “reduce” rating.
  • 6/30/2017 – United Microelectronics Corporation was downgraded by analysts at Nomura from a “neutral” rating to a “reduce” rating.
  • 6/29/2017 – United Microelectronics Corporation was downgraded by analysts at Macquarie from a “neutral” rating to an “underperform” rating.
  • 6/29/2017 – United Microelectronics Corporation was downgraded by analysts at Deutsche Bank AG from a “hold” rating to a “sell” rating.
  • 6/28/2017 – United Microelectronics Corporation was upgraded by analysts at UBS AG from a “neutral” rating to a “buy” rating.
  • 6/28/2017 – United Microelectronics Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/20/2017 – United Microelectronics Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

United Microelectronics Corporation (UMC) opened at 2.30 on Wednesday. The stock has a market cap of $5.62 billion, a PE ratio of 17.69 and a beta of 0.60. The stock has a 50 day moving average price of $2.27 and a 200 day moving average price of $2.03. United Microelectronics Corporation has a 1-year low of $1.74 and a 1-year high of $2.57.

United Microelectronics Corporation (NYSE:UMC) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $37.54 billion for the quarter, compared to analysts’ expectations of $37.15 billion. United Microelectronics Corporation had a return on equity of 4.58% and a net margin of 6.52%. 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 EPS. On average, analysts predict that United Microelectronics Corporation will post $0.11 EPS for the current fiscal year.

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

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.

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