United Microelectronics Co. (NYSE:UMC) Shares Acquired by GTS Securities LLC

GTS Securities LLC grew its position in shares of United Microelectronics Co. (NYSE:UMC - Free Report) by 119.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,052 shares of the semiconductor company's stock after buying an additional 52,732 shares during the period. GTS Securities LLC's holdings in United Microelectronics were worth $630,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Savant Capital LLC bought a new position in United Microelectronics during the fourth quarter worth about $66,000. Verdence Capital Advisors LLC bought a new position in shares of United Microelectronics in the fourth quarter worth approximately $69,000. Callan Family Office LLC purchased a new stake in United Microelectronics in the fourth quarter worth approximately $70,000. SBI Securities Co. Ltd. purchased a new stake in shares of United Microelectronics during the fourth quarter valued at approximately $73,000. Finally, Natural Investments LLC purchased a new stake in shares of United Microelectronics during the fourth quarter valued at approximately $74,000. Institutional investors own 5.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on UMC shares. The Goldman Sachs Group reiterated a "sell" rating on shares of United Microelectronics in a report on Friday, May 23rd. Wedbush cut shares of United Microelectronics from an "outperform" rating to a "neutral" rating in a report on Wednesday, April 16th. Finally, Citigroup upgraded shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $7.40.

United Microelectronics Trading Down 1.0%

United Microelectronics stock traded down $0.08 during trading hours on Friday, hitting $7.62. The company had a trading volume of 9,457,630 shares, compared to its average volume of 12,681,554. The firm has a market cap of $19.14 billion, a P/E ratio of 13.14, a P/E/G ratio of 4.44 and a beta of 1.13. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19. United Microelectronics Co. has a 1 year low of $5.61 and a 1 year high of $9.00. The company has a 50-day moving average price of $7.14 and a two-hundred day moving average price of $6.70.

United Microelectronics (NYSE:UMC - Get Free Report) last announced its quarterly 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). The business had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $57.63 billion. United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. United Microelectronics's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. On average, sell-side analysts anticipate that United Microelectronics Co. will post 0.51 earnings per share for the current year.

United Microelectronics Company Profile

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.