United Microelectronics Corporation (UMC) Receiving Somewhat Positive Press Coverage, Study Shows

News coverage about United Microelectronics Corporation (NYSE:UMC) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. United Microelectronics Corporation earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 47.7359715279523 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

Shares of United Microelectronics Corporation (NYSE:UMC) traded down $0.02 during midday trading on Friday, hitting $2.59. The stock had a trading volume of 972,785 shares, compared to its average volume of 1,055,119. United Microelectronics Corporation has a 1-year low of $1.74 and a 1-year high of $2.73. The company has a quick ratio of 1.31, a current ratio of 1.51 and a debt-to-equity ratio of 0.24. The company has a market cap of $6,332.20, a P/E ratio of 18.50 and a beta of 0.56.

Several research firms recently commented on UMC. BidaskClub lowered United Microelectronics Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Citigroup Inc. lowered United Microelectronics Corporation from a “neutral” rating to a “sell” rating in a research report on Wednesday, July 26th. Daiwa Capital Markets lowered United Microelectronics Corporation from a “hold” rating to an “underperform” rating in a research report on Wednesday, July 26th. downgraded United Microelectronics Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Sanford C. Bernstein downgraded United Microelectronics Corporation from a “market perform” rating to an “underperform” rating and lifted their price objective for the stock from $1.90 to $2.10 in a report on Thursday, July 27th. Eight investment analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $2.10.

WARNING: This piece was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this piece can be accessed at https://sportsperspectives.com/2017/11/19/united-microelectronics-corporation-umc-receiving-somewhat-positive-press-coverage-study-shows.html.

About United Microelectronics Corporation

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.

Insider Buying and Selling by Quarter for United Microelectronics Corporation (NYSE:UMC)

Receive News & Ratings for United Microelectronics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Microelectronics Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply