Mizuho Securities Co. Ltd. Increases Stake in United Microelectronics Co. (NYSE:UMC)

Mizuho Securities Co. Ltd. lifted its stake in shares of United Microelectronics Co. (NYSE:UMC) by 81.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,335 shares of the semiconductor company’s stock after acquiring an additional 24,000 shares during the period. United Microelectronics makes up about 5.2% of Mizuho Securities Co. Ltd.’s investment portfolio, making the stock its 7th largest holding. Mizuho Securities Co. Ltd.’s holdings in United Microelectronics were worth $347,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Savant Capital LLC acquired a new stake in United Microelectronics in the 4th quarter valued at approximately $66,000. Verdence Capital Advisors LLC bought a new stake in shares of United Microelectronics in the fourth quarter worth $69,000. Callan Family Office LLC acquired a new position in United Microelectronics during the fourth quarter worth $70,000. SBI Securities Co. Ltd. bought a new position in United Microelectronics in the fourth quarter valued at $73,000. Finally, Natural Investments LLC acquired a new stake in United Microelectronics in the 4th quarter valued at $74,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

United Microelectronics Price Performance

NYSE:UMC opened at $6.73 on Wednesday. The stock has a market capitalization of $16.87 billion, a PE ratio of 11.60, a P/E/G ratio of 4.44 and a beta of 1.20. United Microelectronics Co. has a 1-year low of $5.61 and a 1-year high of $9.00. The firm has a fifty day simple moving average of $6.33 and a 200 day simple moving average of $6.97. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16.

United Microelectronics (NYSE:UMC) last announced its quarterly earnings data on Tuesday, January 21st. The semiconductor company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business earned $5.30 EPS. The business’s revenue was up 4.9% on a year-over-year basis. On average, research analysts expect that United Microelectronics Co. will post 0.51 EPS for the current fiscal 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.