News articles about United Microelectronics Corp (NYSE:UMC) have trended very positive on Friday, according to AlphaOne Sentiment Analysis. The research group, a division of Accern, scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. United Microelectronics Corp earned a news impact score of 0.51 on AlphaOne’s scale. AlphaOne also assigned news coverage about the semiconductor company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the next few days.
Separately, HSBC Holdings plc raised shares of United Microelectronics Corp from a “hold” rating to a “buy” rating in a research report on Wednesday, April 26th.
Shares of United Microelectronics Corp (NYSE:UMC) traded up 0.50% during trading on Friday, hitting $2.01. 642,616 shares of the company traded hands. The company has a 50-day moving average of $1.96 and a 200-day moving average of $1.89. United Microelectronics Corp has a 52-week low of $1.74 and a 52-week high of $2.11. The stock has a market capitalization of $4.91 billion, a PE ratio of 14.89 and a beta of 0.71.
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United Microelectronics Corp 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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