United Microelectronics Co. (NYSE:UMC) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC lifted its stake in United Microelectronics Co. (NYSE:UMC) by 17.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 162,619 shares of the semiconductor company’s stock after acquiring an additional 24,232 shares during the quarter. Cerity Partners LLC’s holdings in United Microelectronics were worth $1,376,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in United Microelectronics by 16.5% during the 3rd quarter. Rhumbline Advisers now owns 889,156 shares of the semiconductor company’s stock worth $6,277,000 after buying an additional 125,903 shares in the last quarter. NewEdge Wealth LLC lifted its holdings in United Microelectronics by 46.4% during the 3rd quarter. NewEdge Wealth LLC now owns 259,465 shares of the semiconductor company’s stock worth $1,832,000 after buying an additional 82,245 shares in the last quarter. Simon Quick Advisors LLC acquired a new stake in United Microelectronics during the 4th quarter worth approximately $109,000. Signaturefd LLC lifted its holdings in United Microelectronics by 4.4% during the 3rd quarter. Signaturefd LLC now owns 218,484 shares of the semiconductor company’s stock worth $1,542,000 after buying an additional 9,134 shares in the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new stake in United Microelectronics during the 4th quarter worth approximately $464,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

United Microelectronics Trading Down 1.7 %

Shares of NYSE:UMC opened at $7.40 on Friday. United Microelectronics Co. has a 52 week low of $6.71 and a 52 week high of $8.97. The company’s 50 day moving average is $7.95 and its two-hundred day moving average is $7.82. The company has a current ratio of 2.19, a quick ratio of 1.83 and a debt-to-equity ratio of 0.13. The company has a market cap of $18.51 billion, a PE ratio of 9.37, a P/E/G ratio of 2.03 and a beta of 1.21.

United Microelectronics (NYSE:UMC) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. United Microelectronics had a net margin of 27.41% and a return on equity of 17.43%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the firm posted $0.25 EPS. Equities analysts predict that United Microelectronics Co. will post 0.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on UMC. The Goldman Sachs Group lowered shares of United Microelectronics from a “buy” rating to a “neutral” rating and set a $8.90 target price on the stock. in a 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.

About United Microelectronics

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.