Headlands Technologies LLC Makes New Investment in United Microelectronics Co. (NYSE:UMC)

Headlands Technologies LLC acquired a new stake in United Microelectronics Co. (NYSE:UMC) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 201,170 shares of the semiconductor company’s stock, valued at approximately $1,306,000.

A number of other institutional investors have also recently modified their holdings of UMC. Savant Capital LLC acquired a new position in United Microelectronics in the fourth quarter valued at about $66,000. MML Investors Services LLC acquired a new position in shares of United Microelectronics in the 3rd quarter valued at approximately $86,000. Synovus Financial Corp bought a new stake in shares of United Microelectronics during the 3rd quarter worth approximately $89,000. Verdence Capital Advisors LLC acquired a new stake in shares of United Microelectronics during the 4th quarter worth approximately $69,000. Finally, Callan Family Office LLC bought a new position in United Microelectronics in the fourth quarter valued at approximately $70,000. 5.05% of the stock is currently owned by institutional investors.

United Microelectronics Stock Down 2.3 %

UMC stock opened at $6.99 on Wednesday. The stock has a market capitalization of $17.50 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 4.44 and a beta of 1.20. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $6.39 and a 200-day moving average price of $6.90. United Microelectronics Co. has a 12 month low of $5.61 and a 12 month high of $9.00.

United Microelectronics (NYSE:UMC) last issued its earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 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 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.30 EPS. As a group, equities research analysts anticipate that United Microelectronics Co. will post 0.51 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Citigroup upgraded United Microelectronics from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, March 21st. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, United Microelectronics has an average rating of “Hold” and an average target price of $7.40.

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.