Vise Technologies Inc. Takes Position in United Microelectronics Corporation $UMC

Vise Technologies Inc. purchased a new position in shares of United Microelectronics Corporation (NYSE:UMC) in the second quarter, Holdings Channel.com reports. The fund purchased 192,714 shares of the semiconductor company’s stock, valued at approximately $1,474,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of UMC. Crestwood Advisors Group LLC increased its stake in shares of United Microelectronics by 9.3% in the second quarter. Crestwood Advisors Group LLC now owns 19,614 shares of the semiconductor company’s stock valued at $150,000 after buying an additional 1,663 shares during the period. Freedom Investment Management Inc. boosted its stake in United Microelectronics by 7.5% during the 1st quarter. Freedom Investment Management Inc. now owns 24,869 shares of the semiconductor company’s stock valued at $178,000 after purchasing an additional 1,730 shares during the last quarter. Ignite Planners LLC boosted its holdings in United Microelectronics by 1.6% during the 2nd quarter. Ignite Planners LLC now owns 113,174 shares of the semiconductor company’s stock worth $847,000 after acquiring an additional 1,736 shares during the last quarter. Canopy Partners LLC lifted its position in shares of United Microelectronics by 8.0% during the 1st quarter. Canopy Partners LLC now owns 26,781 shares of the semiconductor company’s stock worth $191,000 after buying an additional 1,977 shares in the last quarter. Finally, Ritholtz Wealth Management increased its position in shares of United Microelectronics by 2.4% during the 2nd quarter. Ritholtz Wealth Management now owns 87,663 shares of the semiconductor company’s stock valued at $671,000 after purchasing an additional 2,020 shares during the last quarter. Institutional investors own 5.05% of the company’s stock.

United Microelectronics Price Performance

Shares of NYSE UMC opened at $7.23 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.77 and a debt-to-equity ratio of 0.12. United Microelectronics Corporation has a twelve month low of $5.61 and a twelve month high of $8.33. The firm has a market cap of $18.15 billion, a P/E ratio of 14.13, a PEG ratio of 4.12 and a beta of 1.29. The company has a 50 day moving average of $7.33 and a 200 day moving average of $7.38.

United Microelectronics (NYSE:UMC) last posted its earnings results on Wednesday, October 29th. The semiconductor company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $58.25 billion. United Microelectronics had a net margin of 17.08% and a return on equity of 11.36%. During the same quarter in the previous year, the firm posted $0.18 EPS. As a group, research analysts expect that United Microelectronics Corporation will post 0.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on UMC shares. Wall Street Zen downgraded shares of United Microelectronics from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of United Microelectronics in a research note on Wednesday, October 8th. Finally, Bank of America lowered shares of United Microelectronics from a “buy” rating to an “underperform” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

About United Microelectronics

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.