62,082 Shares in United Microelectronics Corporation $UMC Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC bought a new stake in shares of United Microelectronics Corporation (NYSE:UMC) in the second quarter, Holdings Channel.com reports. The institutional investor bought 62,082 shares of the semiconductor company’s stock, valued at approximately $475,000.

Several other institutional investors and hedge funds have also bought and sold shares of UMC. Citigroup Inc. lifted its holdings in shares of United Microelectronics by 3.4% during the 1st quarter. Citigroup Inc. now owns 6,030,617 shares of the semiconductor company’s stock valued at $43,119,000 after purchasing an additional 196,262 shares during the last quarter. Goldman Sachs Group Inc. increased its position in United Microelectronics by 10.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,655,721 shares of the semiconductor company’s stock valued at $40,438,000 after buying an additional 537,777 shares in the last quarter. Northern Trust Corp boosted its holdings in United Microelectronics by 4.7% in the first quarter. Northern Trust Corp now owns 3,335,080 shares of the semiconductor company’s stock worth $23,846,000 after acquiring an additional 150,636 shares in the last quarter. Creative Planning grew its stake in shares of United Microelectronics by 34.0% during the second quarter. Creative Planning now owns 1,689,542 shares of the semiconductor company’s stock worth $12,925,000 after acquiring an additional 428,522 shares during the last quarter. Finally, Nomura Holdings Inc. increased its holdings in shares of United Microelectronics by 360.1% during the first quarter. Nomura Holdings Inc. now owns 1,536,660 shares of the semiconductor company’s stock valued at $10,987,000 after acquiring an additional 1,202,660 shares in the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UMC has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of United Microelectronics in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of United Microelectronics from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Bank of America downgraded United Microelectronics from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, United Microelectronics currently has an average rating of “Hold”.

United Microelectronics Stock Performance

Shares of NYSE UMC opened at $7.25 on Thursday. The company has a 50 day simple moving average of $7.35 and a two-hundred day simple moving average of $7.38. The stock has a market cap of $18.20 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 4.12 and a beta of 1.29. The company has a current ratio of 1.77, a quick ratio of 1.46 and a debt-to-equity ratio of 0.12. United Microelectronics Corporation has a 12 month low of $5.61 and a 12 month high of $8.33.

United Microelectronics (NYSE:UMC) last issued its earnings results on Wednesday, October 29th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.08. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $58.25 billion. United Microelectronics had a net margin of 17.08% and a return on equity of 11.36%. During the same quarter last year, the company posted $0.18 earnings per share. As a group, analysts predict that United Microelectronics Corporation will post 0.51 earnings per share for the current 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.