Sequoia Financial Advisors LLC Buys 40,153 Shares of United Microelectronics Corporation $UMC

Key Points

• Sequoia Financial Advisors LLC increased its holdings in United Microelectronics Corporation by 29.4%, acquiring an additional 40,153 shares to total 176,603 shares valued at approximately $1.35 million.
• According to analysts, United Microelectronics holds an average rating of "Hold", with one analyst rating the stock as a Strong Buy, four as Hold, and one as Sell.
• The company reported a net margin of 16.71% and a return on equity of 11.05%, with earnings per share (EPS) of $0.12 for the last quarter, missing expectations by $0.02.

Sequoia Financial Advisors LLC raised its stake in United Microelectronics Corporation (NYSE:UMC - Free Report) by 29.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 176,603 shares of the semiconductor company's stock after buying an additional 40,153 shares during the period. Sequoia Financial Advisors LLC's holdings in United Microelectronics were worth $1,351,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in UMC. Golden State Wealth Management LLC bought a new stake in shares of United Microelectronics in the 1st quarter valued at about $29,000. Farther Finance Advisors LLC grew its position in shares of United Microelectronics by 134.8% in the 1st quarter. Farther Finance Advisors LLC now owns 4,980 shares of the semiconductor company's stock valued at $35,000 after buying an additional 2,859 shares during the last quarter. Choreo LLC bought a new stake in shares of United Microelectronics in the 1st quarter valued at about $80,000. Valeo Financial Advisors LLC bought a new stake in shares of United Microelectronics in the 2nd quarter valued at about $82,000. Finally, GAMMA Investing LLC grew its position in shares of United Microelectronics by 262.9% in the 1st quarter. GAMMA Investing LLC now owns 12,108 shares of the semiconductor company's stock valued at $87,000 after buying an additional 8,772 shares during the last quarter. Institutional investors own 5.05% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of United Microelectronics in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, United Microelectronics currently has an average rating of "Hold".

United Microelectronics Price Performance

Shares of United Microelectronics stock opened at $7.42 on Friday. United Microelectronics Corporation has a one year low of $5.61 and a one year high of $8.33. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.77 and a quick ratio of 1.46. The stock's 50-day moving average is $7.03 and its 200 day moving average is $7.26. The firm has a market cap of $18.64 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 4.46 and a beta of 1.24.

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 the consensus estimate of $0.14 by ($0.02). The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $61.88 billion. United Microelectronics had a net margin of 16.71% and a return on equity of 11.05%. During the same quarter in the previous year, the company earned $0.17 EPS. Equities research analysts anticipate that United Microelectronics Corporation will post 0.51 EPS 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.

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