1 week Ago By Defense World Staff
LPL Financial LLC grew its position in shares of United Microelectronics Co. (NYSE:UMC – Free Report) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The fund owned 61,852 shares of the semiconductor company’s stock after acquiring an additional 1,963 shares during the quarter. LPL Financial LLC’s holdings in United Microelectronics were worth $401,000 at the end of the most recent quarter. Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company.
Savant Capital LLC purchased a new stake in shares of United Microelectronics during the 4th quarter worth about $66,000. Verdence Capital Advisors LLC purchased a new stake in United Microelectronics during the fourth quarter worth approximately $69,000. Callan Family Office LLC acquired a new stake in shares of United Microelectronics in the fourth quarter worth $70,000.
SBI Securities Co. Ltd. purchased a new position in shares of United Microelectronics in the 4th quarter valued at $73,000.
Finally, Natural Investments LLC acquired a new position in shares of United Microelectronics during the 4th quarter valued at $74,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.
United Microelectronics Price PerformanceUMC opened at $6.87 on Friday. United Microelectronics Co.
has a twelve month low of $5.61 and a twelve month high of $9.00.
The firm has a market cap of $17.22 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 4.
44 and a beta of 1.12. The company has a current ratio of 2.
19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16.
The company has a fifty day simple moving average of $6.66 and a 200 day simple moving average of $6.68.
United Microelectronics (NYSE:UMC – Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.
10 by ($0.01). United Microelectronics had a net margin of 20.
35% and a return on equity of 12.78%. The business had revenue of $1.
78 billion for the quarter, compared to analyst estimates of $57.63 billion. Equities research analysts expect that United Microelectronics Co.
will post 0.51 EPS for the current fiscal year. Analyst Upgrades and DowngradesUMC has been the subject of several recent research reports.
Citigroup upgraded United Microelectronics from a “strong sell” rating to a “strong-buy” rating in a report on Friday, March 21st. Wedbush lowered United Microelectronics from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company.
According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.40.
View Our Latest Analysis on United MicroelectronicsUnited Microelectronics Company Profile (Free Report)United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.
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