NewEdge Wealth LLC Purchases 133,458 Shares of United Microelectronics Co. (NYSE:UMC)

NewEdge Wealth LLC raised its holdings in shares of United Microelectronics Co. (NYSE:UMC - Free Report) by 51.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 392,923 shares of the semiconductor company's stock after acquiring an additional 133,458 shares during the quarter. NewEdge Wealth LLC's holdings in United Microelectronics were worth $3,324,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of United Microelectronics by 185.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,275 shares of the semiconductor company's stock valued at $28,000 after buying an additional 2,775 shares in the last quarter. Quantbot Technologies LP bought a new stake in United Microelectronics during the first quarter worth approximately $36,000. Tower Research Capital LLC TRC boosted its position in United Microelectronics by 222.1% during the third quarter. Tower Research Capital LLC TRC now owns 5,514 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 3,802 shares during the period. EverSource Wealth Advisors LLC boosted its position in United Microelectronics by 19.8% during the third quarter. EverSource Wealth Advisors LLC now owns 9,151 shares of the semiconductor company's stock worth $65,000 after purchasing an additional 1,514 shares during the period. Finally, BOKF NA bought a new stake in United Microelectronics during the fourth quarter worth approximately $68,000. Hedge funds and other institutional investors own 5.05% of the company's stock.

United Microelectronics Stock Performance

Shares of UMC stock traded down $0.21 during trading hours on Friday, reaching $7.97. 9,790,126 shares of the company's stock were exchanged, compared to its average volume of 6,734,179. The business has a fifty day moving average price of $7.98 and a 200-day moving average price of $7.81. The company has a quick ratio of 1.83, a current ratio of 2.19 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $19.93 billion, a P/E ratio of 10.09, a P/E/G ratio of 2.14 and a beta of 1.21. United Microelectronics Co. has a fifty-two week low of $6.71 and a fifty-two week high of $8.97.

United Microelectronics (NYSE:UMC - Get Free Report) last issued its earnings results on Tuesday, January 30th. The semiconductor company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.02. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.70 billion. United Microelectronics had a return on equity of 17.43% and a net margin of 27.41%. During the same period in the prior year, the company posted $0.25 earnings per share. Analysts predict that United Microelectronics Co. will post 0.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on UMC shares. The Goldman Sachs Group lowered United Microelectronics from a "buy" rating to a "neutral" rating and set a $8.90 price target for the company. in a report on Tuesday, January 16th. HSBC upgraded United Microelectronics from a "reduce" rating to a "hold" rating in a report on Thursday, January 25th.

United Microelectronics Profile

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, 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.