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

Nomura Holdings Inc. purchased a new stake in shares of United Microelectronics Co. (NYSE:UMC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 334,000 shares of the semiconductor company's stock, valued at approximately $2,168,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV grew its position in United Microelectronics by 4.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 35,848 shares of the semiconductor company's stock valued at $233,000 after buying an additional 1,599 shares during the period. LPL Financial LLC boosted its stake in shares of United Microelectronics by 3.3% during the 4th quarter. LPL Financial LLC now owns 61,852 shares of the semiconductor company's stock worth $401,000 after acquiring an additional 1,963 shares during the last quarter. Banque Pictet & Cie SA grew its position in shares of United Microelectronics by 3.5% during the 4th quarter. Banque Pictet & Cie SA now owns 74,509 shares of the semiconductor company's stock valued at $484,000 after acquiring an additional 2,500 shares during the period. Freedom Investment Management Inc. increased its stake in shares of United Microelectronics by 14.7% in the 4th quarter. Freedom Investment Management Inc. now owns 23,139 shares of the semiconductor company's stock worth $150,000 after purchasing an additional 2,969 shares in the last quarter. Finally, PDS Planning Inc increased its stake in shares of United Microelectronics by 5.5% in the 4th quarter. PDS Planning Inc now owns 57,828 shares of the semiconductor company's stock worth $375,000 after purchasing an additional 3,001 shares in the last quarter. Hedge funds and other institutional investors own 5.05% of the company's stock.

United Microelectronics Price Performance

Shares of UMC stock traded up $0.06 on Thursday, hitting $8.11. 2,673,079 shares of the stock traded hands, compared to its average volume of 12,610,345. 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 52 week low of $5.61 and a 52 week high of $9.00. The firm has a 50 day simple moving average of $6.99 and a two-hundred day simple moving average of $6.67. The firm has a market cap of $20.31 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 4.44 and a beta of 1.13.

United Microelectronics (NYSE:UMC - Get Free Report) last issued its quarterly 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 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%. The company's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 EPS. As a group, equities research analysts predict that United Microelectronics Co. will post 0.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on UMC shares. Wedbush lowered United Microelectronics from an "outperform" rating to a "neutral" rating in a report on Wednesday, April 16th. Citigroup raised 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, the company currently has a consensus rating of "Hold" and an average target price 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.