United Microelectronics Corporation (NYSE:UMC) Stock Has Average Target Price of $8.60

• Analysts hold consensus 'Hold' rating on UMC with $8.60 average price target • Several firms upgraded UMC in July-August, including to 'buy' and 'strong-buy' • Q2 EPS was $0.53 on $2.16B revenue; 21% ROE, 33.18% net margin United Microelectronics Corporation (NYSE: UMC) holds a consensus "Hold" rating from six analysts: three sell, one hold, one buy, and one strong buy. The average twelve-month price target is $8.60. Recent rating changes include Wall Street Zen upgrading UMC to "buy" (July 25), Zacks Research upgrading to "strong-buy" (July 28), Weiss Ratings raising to "hold (c+)" (July 30), and Arete Research upgrading to "buy" (August 10). Shares opened at $24.31, with a 12-month range of $6.97 to $28.96, a market cap of $61.21 billion, a PE ratio of 22.72, and a beta of 1.59. The 50-day moving average is $20.53 and the 200-day average is $18.12. Liquidity metrics include a quick ratio of 1.81, current ratio of 2.17, and debt-to-equity of 0.10. In its June 30 earnings report, UMC posted $0.53 EPS on $2.16 billion in revenue, with a 21.00% return on equity and 33.18% net margin. Analysts project $1.23 EPS for the current year. Several institutional investors adjusted positions in Q2, including new stakes from Continuum Advisory, Trust Co. of Vermont, Strategic Investment Solutions, and Eastern Bank, plus a 271% increase from CoreCap Advisors. Institutional investors hold 5.05% of the company's stock. UMC is a Taiwan-based semiconductor foundry providing wafer fabrication services across communications, automotive, industrial, consumer electronics, and computing applications, with a portfolio spanning logic, mixed-signal, RF, embedded high-voltage, display-driver, and image-sensor technologies.