Nomura Holdings Inc. Invests $2.17 Million in United Microelectronics Co. (NYSE:UMC)

Nomura Holdings Inc. bought a new stake in United Microelectronics Co. (NYSE:UMC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 334,000 shares of the semiconductor company's stock, valued at approximately $2,168,000.

Other hedge funds have also recently modified their holdings of the company. Savant Capital LLC purchased a new stake in shares of United Microelectronics in the 4th quarter valued at about $66,000. Verdence Capital Advisors LLC purchased a new stake in shares of United Microelectronics in the fourth quarter valued at about $69,000. Callan Family Office LLC acquired a new stake in United Microelectronics in the fourth quarter valued at about $70,000. SBI Securities Co. Ltd. acquired a new stake in United Microelectronics in the fourth quarter valued at $73,000. Finally, Natural Investments LLC acquired a new stake in shares of United Microelectronics in the fourth quarter valued at about $74,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UMC. Wedbush downgraded shares of United Microelectronics from an "outperform" rating to a "neutral" rating in a research report on Wednesday, April 16th. Citigroup upgraded United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, March 21st. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $7.40.

United Microelectronics Stock Performance

Shares of UMC stock traded up $0.22 on Wednesday, hitting $8.07. 9,537,594 shares of the stock traded hands, compared to its average volume of 12,629,281. The company has a market capitalization of $20.22 billion, a PE ratio of 13.91, a PEG ratio of 4.44 and a beta of 1.13. The company's fifty day moving average is $6.96 and its 200 day moving average is $6.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. United Microelectronics Co. has a 1-year low of $5.61 and a 1-year high of $9.00.

United Microelectronics (NYSE:UMC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $57.63 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The business's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share. On average, equities research analysts predict that United Microelectronics Co. will post 0.51 earnings per share for the current fiscal year.

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.