Lindbrook Capital LLC Grows Position in United Microelectronics Co. (NYSE:UMC)

Lindbrook Capital LLC increased its position in shares of United Microelectronics Co. (NYSE:UMC) by 12.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,445 shares of the semiconductor company’s stock after purchasing an additional 3,612 shares during the period. Lindbrook Capital LLC’s holdings in United Microelectronics were worth $283,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. NewEdge Wealth LLC boosted its position in United Microelectronics by 51.4% in the 4th quarter. NewEdge Wealth LLC now owns 392,923 shares of the semiconductor company’s stock valued at $3,324,000 after buying an additional 133,458 shares during the period. Sapient Capital LLC purchased a new stake in United Microelectronics in the 4th quarter valued at about $95,000. Janiczek Wealth Management LLC boosted its position in United Microelectronics by 6.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 57,633 shares of the semiconductor company’s stock valued at $488,000 after buying an additional 3,460 shares during the period. Cerity Partners LLC boosted its position in United Microelectronics by 17.5% in the 4th quarter. Cerity Partners LLC now owns 162,619 shares of the semiconductor company’s stock valued at $1,376,000 after buying an additional 24,232 shares during the period. Finally, Optas LLC purchased a new stake in United Microelectronics in the 4th quarter valued at about $89,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

United Microelectronics Trading Up 1.1 %

NYSE UMC opened at $7.48 on Tuesday. 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 firm has a market cap of $18.71 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 1.99 and a beta of 1.21. The company has a 50 day moving average price of $7.94 and a 200 day moving average price of $7.83. United Microelectronics Co. has a 52 week low of $6.71 and a 52 week high of $8.97.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.70 billion. United Microelectronics had a net margin of 27.41% and a return on equity of 17.43%. During the same quarter in the previous year, the business posted $0.25 EPS. As a group, sell-side analysts forecast that United Microelectronics Co. will post 0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UMC has been the subject of several research reports. The Goldman Sachs Group cut shares of United Microelectronics from a “buy” rating to a “neutral” rating and set a $8.90 price objective for the company. in a research report on Tuesday, January 16th. HSBC raised shares of United Microelectronics from a “reduce” rating to a “hold” rating in a research 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.