United Microelectronics (NYSE:UMC) Issues Quarterly Earnings Results, Misses Estimates By $0.03 EPS

United Microelectronics (NYSE:UMC) posted its quarterly earnings data on Tuesday. The semiconductor company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03), Zacks reports. United Microelectronics had a net margin of 22.89% and a return on equity of 14.35%.

United Microelectronics Stock Up 1.0 %

UMC opened at $6.27 on Tuesday. United Microelectronics has a 12 month low of $6.09 and a 12 month high of $9.00. The business has a 50-day moving average of $6.61 and a two-hundred day moving average of $7.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. The stock has a market capitalization of $15.72 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 3.06 and a beta of 1.17.

Analyst Ratings Changes

UMC has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of United Microelectronics from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Morgan Stanley downgraded United Microelectronics from an “overweight” rating to an “equal weight” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. downgraded United Microelectronics from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group cut shares of 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. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.