United Microelectronics Co. (NYSE:UMC) saw some unusual options trading on Wednesday. Stock investors bought 44,571 put options on the company. This is an increase of 704% compared to the average volume of 5,546 put options.
NYSE:UMC traded up $0.06 during mid-day trading on Wednesday, reaching $11.38. 170,681 shares of the stock were exchanged, compared to its average volume of 7,181,326. The business has a fifty day moving average price of $11.03 and a 200 day moving average price of $10.34. The firm has a market capitalization of $28.22 billion, a PE ratio of 15.09, a PEG ratio of 0.50 and a beta of 0.95. United Microelectronics has a 1-year low of $6.66 and a 1-year high of $12.61. The company has a current ratio of 2.44, a quick ratio of 2.18 and a debt-to-equity ratio of 0.21.
United Microelectronics (NYSE:UMC) last issued its quarterly earnings results on Tuesday, October 26th. The semiconductor company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.07. The firm had revenue of $55.91 billion for the quarter, compared to analysts’ expectations of $54.55 billion. United Microelectronics had a return on equity of 21.41% and a net margin of 25.65%. United Microelectronics’s revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. On average, sell-side analysts forecast that United Microelectronics will post 0.81 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. AdvisorNet Financial Inc purchased a new position in United Microelectronics in the 3rd quarter worth about $30,000. Captrust Financial Advisors increased its stake in United Microelectronics by 83.5% in the 3rd quarter. Captrust Financial Advisors now owns 2,799 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 1,274 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in United Microelectronics in the 2nd quarter worth about $35,000. Harvest Fund Management Co. Ltd purchased a new position in United Microelectronics in the 2nd quarter worth about $82,000. Finally, HighTower Advisors LLC purchased a new position in United Microelectronics in the 3rd quarter worth about $121,000. 3.63% of the stock is currently owned by hedge funds and other institutional investors.
United Microelectronics Company Profile
United Microelectronics Corp. engages in the semiconductor foundry business. It offers complementary metal-oxide semiconductor logic wafers, mixed signal wafers, radio frequency complementary metal-oxide semiconductor wafers, embedded memory products, high voltage integrated circuits, and complementary metal-oxide semiconductor image sensors.
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