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Enter Symbol:
United Microelectronics Corporation (UMC) [hlAlert]

Neutral UMC
up 77.83 %

United Microelectronics Corporation (UMC) upgraded to Neutral by Citigroup

Posted on: Wednesday,  Jan 2, 2013  9:25 AM ET by Citigroup

Citigroup rated Neutral United Microelectronics Corporation (NYSE: UMC) on 01/02/2013. Previously Citigroup rated Sell United Microelectronics Corporation (NYSE: UMC) on 11/01/2007.,
when the stock price was $3.61. Since then, United Microelectronics Corporation has lost 43.77% as of 01/02/2013's recent price of $2.03.
If you would have followed the previous Citigroup's recommendation on UMC, you would have gained 77.83% of your investment in 1889 days.

United Microelectronics Corporation is engaged in the business of manufacturing or fabrication of semiconductors. Using the processes and techniques, the Company manufactures chips to the design specifications of the customers. The Company maintains a customer base across industries, including communication, consumer electronics, computer, memory and others. During the year ended December 31, 2008, the net wafer sales derived from the products used in communication devices, consumer electronics, personal computers (PCs), memory and other applications were 55.86%, 24.66%, 17.27%, 0.72% and 1.49% respectively.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/2/2013 9:25 AM Hold
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD down  -2.01 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/1/2007 9:25 AM Sell

(*) Stock Price at the time of the recommendation.
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