United Microelectronics Corp (NYSE: UMC) was upgraded by equities research analysts at HSBC (NYSE: HBC) from a "neutral" rating to an "overweight" rating in a research note issued to investors on Tuesday.
Separately, analysts at Zacks Investment Research reiterated a "neutral" rating on shares of United Microelectronics Corp in a research note to investors on Thursday, May 12nd. Also, analysts at JPMorgan Chase & Co. (NYSE: JPM) downgraded shares of United Microelectronics Corp from an "overweight" rating to a "neutral" rating in a research note to investors on Tuesday, March 8th.
Shares of United Microelectronics Corp opened at 1.94 on Wednesday. United Microelectronics Corp has a 52 week low of $1.79 and a 52 week high of $3.52. The stock's 50-day moving average is $2.09 and its 200-day moving average is $2.53. The company has a market cap of $4.862 billion and a price-to-earnings ratio of 6.26.
United Microelectronics Corp last announced its quarterly results on Wednesday, August 3rd. The company reported $0.26 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.28 EPS by $0.02. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, analysts predict that United Microelectronics Corp will post $0.04 EPS next quarter.
United Microelectronics Corp. is principally engaged in the manufacture of semiconductor products. The Company operates its businesses primarily through wafer production services. It provides the customer-tailored design, testing and production of silicon intellectual property (IP) products, embedded integrated circuits (ICs), masks and wafers. The Company offers complementary metal-oxide semiconductor (CMOS) logics, mixed signals, radio frequency (RF) CMOS, embedded memory products, high voltage and CMOS image sensors. The Company distributes its products primarily in North America, Asia and Europe.
Stay on top of analysts' coverage with American Banking & Market News' daily email newsletter that provides a concise list of analysts' upgrades, analysts' downgrades and analysts' price target changes for each day.Click here to register.