United Microelectronics (NYSE:UMC) Sets New 12-Month High at $8.92

United Microelectronics Co. (NYSE:UMCGet Free Report) reached a new 52-week high on Monday . The stock traded as high as $8.92 and last traded at $8.90, with a volume of 4413420 shares. The stock had previously closed at $8.73.

Analyst Ratings Changes

Several research firms have weighed in on UMC. StockNews.com upgraded shares of United Microelectronics from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. Citigroup upgraded shares of United Microelectronics from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 24th.

Check Out Our Latest Report on UMC

United Microelectronics Stock Performance

The firm’s fifty day moving average price is $8.17 and its 200 day moving average price is $8.05. The company has a current ratio of 2.32, a quick ratio of 1.93 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $22.23 billion, a PE ratio of 12.67, a PEG ratio of 2.88 and a beta of 1.20.

United Microelectronics (NYSE:UMCGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). United Microelectronics had a net margin of 24.79% and a return on equity of 15.60%. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.72 billion. On average, research analysts anticipate that United Microelectronics Co. will post 0.63 earnings per share for the current year.

United Microelectronics Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 2nd will be issued a dividend of $0.356 per share. This represents a dividend yield of 4.07%. The ex-dividend date is Tuesday, July 2nd. United Microelectronics’s dividend payout ratio is currently 62.86%.

Institutional Investors Weigh In On United Microelectronics

A number of large investors have recently bought and sold shares of UMC. GAMMA Investing LLC bought a new stake in United Microelectronics in the fourth quarter worth $27,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in United Microelectronics in the third quarter worth $80,000. J.P. Morgan Private Wealth Advisors LLC bought a new stake in United Microelectronics in the third quarter worth $85,000. SpiderRock Advisors LLC acquired a new position in United Microelectronics during the 1st quarter worth $86,000. Finally, Optas LLC acquired a new position in United Microelectronics during the 4th quarter worth $89,000. 5.05% of the stock is currently owned by institutional investors.

About United Microelectronics

(Get Free Report)

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.

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