J.P. Morgan analyst Gokul Hariharan initiates coverage on $United Microelectronics (UMC.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 52.3% and a total average return of 16.0% over the past year.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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