United Microelectronics (NYSE:UMC) Posts Earnings Results

United Microelectronics (NYSE:UMC) released its quarterly earnings results on Thursday. The semiconductor company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03, Zacks reports. United Microelectronics had a net margin of 23.90% and a return on equity of 14.66%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm earned $0.20 EPS.

United Microelectronics Stock Down 2.5 %

UMC stock traded down $0.20 during trading hours on Friday, hitting $7.88. The company’s stock had a trading volume of 19,692,092 shares, compared to its average volume of 15,334,763. The company has a quick ratio of 1.93, a current ratio of 2.32 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $19.75 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 4.29 and a beta of 1.18. United Microelectronics has a 12 month low of $6.71 and a 12 month high of $9.00. The stock has a 50 day moving average price of $8.39 and a two-hundred day moving average price of $8.11.

United Microelectronics Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 2nd were given a $0.356 dividend. This represents a yield of 4.07%. The ex-dividend date was Tuesday, July 2nd. United Microelectronics’s dividend payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on UMC shares. The Goldman Sachs Group raised shares of United Microelectronics from a “neutral” rating to a “buy” rating in a research report on Thursday. Citigroup raised shares of United Microelectronics from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 24th. Finally, StockNews.com raised shares of United Microelectronics from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th.

About United Microelectronics

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.