United Microelectronics (NYSE:UMC) was upgraded by stock analysts at HSBC from a “hold” rating to a “buy” rating in a report issued on Wednesday, The Fly reports.
Shares of United Microelectronics (UMC) opened at $2.48 on Wednesday. United Microelectronics has a 1 year low of $1.77 and a 1 year high of $2.73. The company has a market capitalization of $6,150.00, a PE ratio of 17.71 and a beta of 0.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 1.51.
United Microelectronics (NYSE:UMC) last posted its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.05 earnings per share for the quarter. United Microelectronics had a return on equity of 4.84% and a net margin of 6.90%.
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United Microelectronics Company Profile
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.
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