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

Rating:
Neutral UMC

United Microelectronics Corporation (UMC) downgraded to Neutral by HSBC Securities

Posted on: Thursday,  Feb 9, 2012  8:25 AM ET by HSBC Securities

HSBC Securities rated Neutral United Microelectronics Corporation (NYSE: UMC) on 02/09/2012. Previously HSBC Securities rated Overweight United
Microelectronics Corporation (NYSE: UMC) on 09/06/2011., when the stock price was $1.89. Since then, United Microelectronics Corporation has gained 39.68% of its value until HSBC Securities rated UMC Buy on 02/09/2012, when the price was $2.64. .

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.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/27/2016 12:25 PM Buy
None
1.81
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD up  23.36 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/9/2012 8:25 AM Hold
None
2.64
9/6/2011 8:25 AM Buy
None
1.89

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