Stocks of United Microelectronics Corporation (NYSE:UMC) traded higher last session on Wall Street, up 0.96% to $7.34.
According to the data, United Microelectronics Corporation (NYSE:UMC) has 4 analysts covering its stock. The consensus rating among analysts is ‘Hold’. UMC stock price is now 0.80% away from the 50-day moving average and -5.94% away from the 200-day moving average. The market capitalization of the company currently stands at $18.61B.
A total of 1 analysts have issued a hold rating and 1 have given it a buy rating.
With the price target reduced from $6.80 to $6.46, HSBC Securities Downgraded its rating from Hold to Reduce for United Microelectronics Corporation (NYSE: UMC).
There have been several recent changes in the stakes of large investors in UMC stock. A new stake in United Microelectronics Corporation shares was purchased by RHUMBLINE ADVISERS during the first quarter worth $5,602,000. GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC invested $1,845,000 in shares of UMC during the first quarter. In the first quarter, SQUAREPOINT OPS LLC acquired a new stake in United Microelectronics Corporation valued at approximately $1,434,000. SEI INVESTMENTS CO acquired a new stake in UMC for approximately $523,000. CRESSET ASSET MANAGEMENT, LLC purchased a new stake in UMC valued at around $496,000 in the second quarter.
Wednesday’s opening bell rang with an opening price of $7.32 for United Microelectronics Corporation (NYSE: UMC). During the past 12 months, United Microelectronics Corporation has had a low of $5.36 and a high of $8.97. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 1.70, and a quick ratio of 1.40. The fifty day moving average price for UMC is $7.27 and a two-hundred day moving average price translates $7.80 for the stock.
The latest earnings results from United Microelectronics Corporation (NYSE: UMC) was released for Jun, 2023. The net profit margin was 30.70% and return on equity was 23.40% for UMC. The company reported revenue of $1.84 billion for the quarter, compared to $2.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -25.09 percent.
Moreover, the firm recently paid out its quarterly dividend on 07/26/2023. Investors who held shares on 06/27/2023 were paid a $0.5859938 dividend. On an annualized basis, this represents a $0.58 dividend and a 7.85% percent yield. There was an ex-dividend date of 06/26/2023 for this dividend. In terms of dividend payout ratio, UMC is presently at 51.63%.
United Microelectronics Corporation(UMC) Company Profile
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. The company was incorporated in 1980 and is headquartered in Hsinchu City, Taiwan.
