United Microelectronics Corporation (NYSE:UMC) Given Consensus Rating of "Reduce" by Analysts

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Analysts have given United Microelectronics Corporation (NYSE:UMC) a consensus “Reduce” rating, with an average one-year target price of $8.60. The company recently reported Q4 EPS of $0.13, beating consensus, but revenue of $1.80 billion missed estimates. Institutional investors have made changes to their positions in UMC, with 5.05% of the stock owned by such entities.

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