News headlines about United Microelectronics Corporation (NYSE:UMC) have been trending somewhat positive on Tuesday, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. United Microelectronics Corporation earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 45.0761058328976 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of United Microelectronics Corporation (NYSE UMC) opened at 2.65 on Tuesday. The stock has a market capitalization of $6.47 billion, a P/E ratio of 20.38 and a beta of 0.60. United Microelectronics Corporation has a 52-week low of $1.74 and a 52-week high of $2.73. The firm’s 50-day moving average price is $2.59 and its 200-day moving average price is $2.25.
United Microelectronics Corporation (NYSE:UMC) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. United Microelectronics Corporation had a return on equity of 4.58% and a net margin of 6.52%. The firm had revenue of $37.54 billion for the quarter, compared to the consensus estimate of $37.15 billion. During the same quarter in the prior year, the business earned $0.37 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities analysts forecast that United Microelectronics Corporation will post $0.12 earnings per share for the current fiscal year.
Several research analysts have commented on the company. Daiwa Capital Markets lowered United Microelectronics Corporation from a “hold” rating to an “underperform” rating in a research report on Wednesday, July 26th. HSBC Holdings plc lowered United Microelectronics Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Citigroup Inc. lowered United Microelectronics Corporation from a “neutral” rating to a “sell” rating in a research report on Wednesday, July 26th. BidaskClub raised United Microelectronics Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Finally, Instinet lowered United Microelectronics Corporation from a “neutral” rating to a “reduce” rating in a report on Monday, July 3rd. Eight analysts have rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $2.10.
United Microelectronics Corporation Company Profile
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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