United Microelectronics’ (UMC) Underperform Rating Reaffirmed at BNP Paribas Exane

United Microelectronics (NYSE:UMC)‘s stock had its “underperform” rating reiterated by research analysts at BNP Paribas Exane in a report released on Thursday, MarketBeat Ratings reports.

A number of other equities research analysts also recently weighed in on UMC. Weiss Ratings reiterated a “hold (c)” rating on shares of United Microelectronics in a research note on Tuesday. JPMorgan Chase & Co. restated an “underweight” rating on shares of United Microelectronics in a research note on Thursday, January 29th. Finally, Wall Street Zen raised shares of United Microelectronics from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Strong Sell” and an average price target of $8.60.

United Microelectronics Stock Performance

United Microelectronics stock traded down $0.19 during trading hours on Thursday, hitting $22.03. The stock had a trading volume of 2,574,191 shares, compared to its average volume of 11,999,013. The company has a 50-day moving average of $12.56 and a two-hundred day moving average of $10.21. The company has a quick ratio of 2.23, a current ratio of 2.72 and a debt-to-equity ratio of 0.12. United Microelectronics has a fifty-two week low of $6.56 and a fifty-two week high of $23.69. The company has a market cap of $55.47 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 2.48 and a beta of 1.41.

United Microelectronics (NYSE:UMC) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.08. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.92 billion. United Microelectronics had a return on equity of 13.67% and a net margin of 20.71%. On average, equities research analysts anticipate that United Microelectronics will post 0.7 EPS for the current fiscal year.

Institutional Trading of United Microelectronics

Institutional investors have recently bought and sold shares of the stock. Summit Global Investments bought a new stake in United Microelectronics during the 3rd quarter worth approximately $1,097,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in United Microelectronics by 3,854.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 168,648 shares of the semiconductor company’s stock worth $1,326,000 after purchasing an additional 164,383 shares in the last quarter. Moran Wealth Management LLC grew its holdings in shares of United Microelectronics by 13.8% during the fourth quarter. Moran Wealth Management LLC now owns 792,367 shares of the semiconductor company’s stock worth $6,228,000 after purchasing an additional 95,871 shares during the last quarter. US Bancorp DE increased its stake in shares of United Microelectronics by 102.7% in the third quarter. US Bancorp DE now owns 541,044 shares of the semiconductor company’s stock valued at $4,101,000 after buying an additional 274,157 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of United Microelectronics by 2,855.8% in the third quarter. Quantbot Technologies LP now owns 235,604 shares of the semiconductor company’s stock valued at $1,786,000 after buying an additional 227,633 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

About United Microelectronics

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed (NYSE: UMC) and focuses on high-reliability manufacturing rather than branding consumer products.

UMC’s core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.