United Microelectronics (NYSE:UMC) Shares Gap Up to $8.96


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United Microelectronics Co. (NYSE:UMC)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $8.96, but opened at $9.36. United Microelectronics shares last traded at $9.51, with a volume of 25,040 shares trading hands.

The company has a debt-to-equity ratio of 0.22, a current ratio of 2.76 and a quick ratio of 2.38. The stock has a market cap of $22.25 billion, a price-to-earnings ratio of 31.70 and a beta of 0.99. The business’s 50-day simple moving average is $9.10 and its two-hundred day simple moving average is $7.73.

United Microelectronics (NYSE:UMC) last released its quarterly earnings results on Wednesday, January 27th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. The firm had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $45.24 billion. United Microelectronics had a net margin of 12.68% and a return on equity of 10.44%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 earnings per share.

A number of hedge funds and other institutional investors have recently made changes to their positions in UMC. Arkadios Wealth Advisors bought a new position in United Microelectronics during the fourth quarter worth $26,000. Inspire Advisors LLC bought a new position in United Microelectronics during the fourth quarter worth $30,000. Pacer Advisors Inc. bought a new position in United Microelectronics during the fourth quarter worth $44,000. Squarepoint Ops LLC bought a new stake in United Microelectronics in the third quarter valued at $49,000. Finally, Rehmann Capital Advisory Group bought a new stake in United Microelectronics in the third quarter valued at $51,000. 4.04% of the stock is owned by institutional investors and hedge funds.

About United Microelectronics (NYSE:UMC)

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally. The company operates through Wafer Fabrication and New Business segments. It provides circuit design, mask tooling, wafer fabrication, and assembly and testing services.

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