Sequoia Financial Advisors LLC Purchases 1,701 Shares of United Microelectronics Co. (NYSE:UMC)

Sequoia Financial Advisors LLC lifted its position in shares of United Microelectronics Co. (NYSE:UMC) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,907 shares of the semiconductor company’s stock after purchasing an additional 1,701 shares during the period. Sequoia Financial Advisors LLC’s holdings in United Microelectronics were worth $875,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of United Microelectronics by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 15,868,813 shares of the semiconductor company’s stock worth $134,250,000 after acquiring an additional 434,018 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of United Microelectronics by 24.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 201,630 shares of the semiconductor company’s stock worth $1,631,000 after acquiring an additional 39,698 shares during the period. SeaCrest Wealth Management LLC lifted its stake in shares of United Microelectronics by 5.4% in the first quarter. SeaCrest Wealth Management LLC now owns 60,397 shares of the semiconductor company’s stock worth $489,000 after acquiring an additional 3,071 shares during the period. Lifestyle Asset Management Inc. lifted its stake in shares of United Microelectronics by 2.1% in the first quarter. Lifestyle Asset Management Inc. now owns 132,787 shares of the semiconductor company’s stock worth $1,074,000 after acquiring an additional 2,752 shares during the period. Finally, SpiderRock Advisors LLC acquired a new position in shares of United Microelectronics in the first quarter worth approximately $86,000. 5.05% of the stock is currently owned by institutional investors.

United Microelectronics Price Performance

Shares of UMC opened at $7.74 on Friday. United Microelectronics Co. has a 52-week low of $7.02 and a 52-week high of $9.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.37 and a current ratio of 1.66. The business’s 50 day moving average price is $8.37 and its two-hundred day moving average price is $8.29. The firm has a market cap of $19.38 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 4.15 and a beta of 1.18.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. United Microelectronics had a return on equity of 14.80% and a net margin of 23.90%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the firm earned $0.20 earnings per share. On average, equities analysts anticipate that United Microelectronics Co. will post 0.66 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 price objective on the stock. in a research note on Thursday, October 17th.

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.