United Microelectronics Corp (NYSE:UMC) declared an annual dividend on Thursday, June 20th, Wall Street Journal reports. Stockholders of record on Tuesday, July 16th will be paid a dividend of 0.0936 per share by the semiconductor company on Tuesday, August 13th. This represents a dividend yield of 5.45%. The ex-dividend date of this dividend is Monday, July 15th.
United Microelectronics has increased its dividend by an average of 11.3% per year over the last three years.
Shares of United Microelectronics stock opened at $2.30 on Friday. United Microelectronics has a one year low of $1.64 and a one year high of $2.96. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 33.14 and a beta of 0.95. The company has a 50-day moving average price of $2.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.79 and a quick ratio of 2.43.
United Microelectronics (NYSE:UMC) last issued its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $32.58 billion during the quarter, compared to analyst estimates of $32.76 billion. United Microelectronics had a return on equity of 2.31% and a net margin of 3.33%. The company’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 EPS.
UMC has been the topic of a number of research analyst reports. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. CLSA upgraded United Microelectronics from a “sell” rating to an “outperform” rating in a research note on Tuesday, June 25th. Macquarie initiated coverage on Lundin Mining in a research note on Wednesday. They issued a “neutral” rating on the stock. Goldman Sachs Group set a €40.50 ($47.09) target price on Koninklijke Philips and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Finally, Credit Suisse Group upgraded United Microelectronics from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $1.78.
About United Microelectronics
United Microelectronics Corporation provides semiconductor wafer foundry solutions. The company operates through Wafer Fabrication and New Business segments. It provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. The company also engages in the research, development, and manufacture of products in the solar energy and light-emitting diode industries.
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