United Microelectronics’ (UMC) “Hold (C-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their hold (c-) rating on shares of United Microelectronics (NYSE:UMC) in a research note published on Friday morning,Weiss Ratings reports.

United Microelectronics Stock Up 0.3%

UMC opened at $7.55 on Friday. The company has a market cap of $18.95 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 4.53 and a beta of 1.24. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.46 and a current ratio of 1.77. United Microelectronics has a 1 year low of $5.61 and a 1 year high of $8.33. The firm has a 50 day moving average price of $7.11 and a 200 day moving average price of $7.32.

United Microelectronics (NYSE:UMC) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.02). The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $61.88 billion. United Microelectronics had a return on equity of 11.05% and a net margin of 16.71%.During the same period in the previous year, the company earned $0.17 EPS. Sell-side analysts expect that United Microelectronics will post 0.51 earnings per share for the current year.

Hedge Funds Weigh In On United Microelectronics

Institutional investors and hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC purchased a new position in shares of United Microelectronics in the second quarter valued at $27,000. Golden State Wealth Management LLC acquired a new position in United Microelectronics in the 1st quarter worth $29,000. Wealth Alliance LLC acquired a new position in United Microelectronics in the 2nd quarter worth $77,000. MGO One Seven LLC purchased a new position in United Microelectronics in the 3rd quarter valued at about $77,000. Finally, Choreo LLC acquired a new stake in shares of United Microelectronics during the first quarter valued at about $80,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

United Microelectronics Company Profile

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, 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.