United Microelectronics Corporation $UMC Shares Sold by KADENSA CAPITAL Ltd

Key Points

• KADENSA CAPITAL Ltd reduced its stake in United Microelectronics Corporation by 24.7%, selling 385,021 shares and holding 1,175,186 shares worth approximately $8.4 million at the end of the quarter.
• United Microelectronics reported $0.12 EPS for the most recent quarter, missing the consensus estimate of $0.14 EPS, with revenues of $1.98 billion.
• Wall Street analysts maintain a consensus rating of "Hold" for United Microelectronics, with an average target price of $7.40.

KADENSA CAPITAL Ltd lessened its stake in shares of United Microelectronics Corporation (NYSE:UMC - Free Report) by 24.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,175,186 shares of the semiconductor company's stock after selling 385,021 shares during the period. KADENSA CAPITAL Ltd's holdings in United Microelectronics were worth $8,403,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of United Microelectronics in the 1st quarter worth $29,000. Farther Finance Advisors LLC grew its holdings in shares of United Microelectronics by 134.8% in the first quarter. Farther Finance Advisors LLC now owns 4,980 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 2,859 shares during the period. Choreo LLC bought a new stake in shares of United Microelectronics in the first quarter worth $80,000. GAMMA Investing LLC grew its holdings in shares of United Microelectronics by 262.9% in the first quarter. GAMMA Investing LLC now owns 12,108 shares of the semiconductor company's stock worth $87,000 after acquiring an additional 8,772 shares during the period. Finally, Adero Partners LLC bought a new stake in shares of United Microelectronics in the first quarter worth $89,000. Institutional investors own 5.05% of the company's stock.

United Microelectronics Stock Performance

Shares of UMC traded down $0.03 during mid-day trading on Wednesday, reaching $6.85. The company had a trading volume of 918,434 shares, compared to its average volume of 10,992,872. The stock has a market capitalization of $17.20 billion, a P/E ratio of 13.97, a PEG ratio of 4.14 and a beta of 1.06. The stock has a 50 day moving average of $7.07 and a two-hundred day moving average of $7.15. The company has a quick ratio of 1.46, a current ratio of 1.77 and a debt-to-equity ratio of 0.12. United Microelectronics Corporation has a 52-week low of $5.61 and a 52-week high of $8.86.

United Microelectronics (NYSE:UMC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The semiconductor company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.02). United Microelectronics had a net margin of 16.71% and a return on equity of 11.05%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $61.88 billion. During the same period in the previous year, the company earned $0.17 EPS. On average, analysts expect that United Microelectronics Corporation will post 0.51 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group reaffirmed a "sell" rating on shares of United Microelectronics in a report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, United Microelectronics currently has a consensus rating of "Hold" and an average price target of $7.40.

United Microelectronics 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.