United Microelectronics (NYSE:UMC – Get Free Report) issued its earnings results on Tuesday. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03), Zacks reports. United Microelectronics had a return on equity of 14.35% and a net margin of 22.89%.
United Microelectronics Stock Up 1.0 %
Shares of UMC opened at $6.27 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19. The stock has a market capitalization of $15.72 billion, a PE ratio of 9.65, a P/E/G ratio of 3.06 and a beta of 1.17. The company’s 50-day simple moving average is $6.61 and its 200-day simple moving average is $7.60. United Microelectronics has a 1 year low of $6.09 and a 1 year high of $9.00.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the stock. StockNews.com lowered shares of United Microelectronics from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Morgan Stanley cut United Microelectronics from an “overweight” rating to an “equal weight” rating in a report on Monday, October 28th. The Goldman Sachs Group lowered United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 price target on the stock. in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. downgraded United Microelectronics from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.40.
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.
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