B. Metzler seel. Sohn & Co. AG Takes Position in United Microelectronics Corporation $UMC

Key Points

• B. Metzler seel. Sohn & Co. AG bought a new stake of 658,821 shares of United Microelectronics (UMC) in Q4, valued at approximately $5.20 million.
• Analyst sentiment is weak—UMC has an average rating of "Strong Sell" with an average price target of $8.60; JPMorgan reaffirmed an underweight rating while BNP Paribas Exane upgraded to neutral with an $8.60 target.
• UMC reported Q4 EPS of $0.13 (beating estimates by $0.01) but revenue of $1.80 billion missed expectations; the company has a market cap of about $30.14 billion and a 52-week range of $6.56–$12.82.

B. Metzler seel. Sohn & Co. AG bought a new stake in shares of United Microelectronics Corporation (NYSE:UMC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 658,821 shares of the semiconductor company's stock, valued at approximately $5,197,000.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC purchased a new position in shares of United Microelectronics during the 2nd quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of United Microelectronics by 313.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,265 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 3,234 shares in the last quarter. MGO One Seven LLC purchased a new position in shares of United Microelectronics during the 3rd quarter valued at approximately $77,000. Merit Financial Group LLC purchased a new position in shares of United Microelectronics during the 4th quarter valued at approximately $82,000. Finally, Choreo LLC purchased a new position in shares of United Microelectronics during the 4th quarter valued at approximately $83,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UMC. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of United Microelectronics in a report on Thursday, January 29th. BNP Paribas Exane raised shares of United Microelectronics from an "underperform" rating to a "neutral" rating and set a $8.60 target price for the company in a report on Tuesday, March 31st. Two research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Strong Sell" and an average price target of $8.60.

United Microelectronics Price Performance

Shares of NYSE UMC opened at $12.00 on Friday. The firm has a market cap of $30.14 billion, a PE ratio of 22.22, a PEG ratio of 6.75 and a beta of 1.16. The firm has a fifty day moving average of $9.91 and a 200 day moving average of $8.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.91 and a current ratio of 2.34. United Microelectronics Corporation has a one year low of $6.56 and a one year high of $12.82.

United Microelectronics (NYSE:UMC - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.93 billion. United Microelectronics had a net margin of 17.60% and a return on equity of 11.45%. The firm's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 EPS. As a group, research analysts predict that United Microelectronics Corporation will post 0.52 EPS for the current fiscal year.

United Microelectronics Profile

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed NYSE: UMC and focuses on high-reliability manufacturing rather than branding consumer products.

UMC's core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.

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