Greenspring Advisors LLC Purchases New Stake in United Microelectronics Corporation $UMC

Greenspring Advisors LLC purchased a new stake in United Microelectronics Corporation (NYSE:UMC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 26,013 shares of the semiconductor company’s stock, valued at approximately $204,000.

Other hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in United Microelectronics by 7.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,725,906 shares of the semiconductor company’s stock worth $37,146,000 after buying an additional 314,056 shares during the last quarter. Natixis Advisors LLC boosted its holdings in United Microelectronics by 12.7% during the fourth quarter. Natixis Advisors LLC now owns 177,454 shares of the semiconductor company’s stock worth $1,395,000 after buying an additional 20,009 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in United Microelectronics during the fourth quarter worth about $3,550,000. Cary Street Partners Investment Advisory LLC bought a new position in United Microelectronics during the fourth quarter worth about $75,000. Finally, Choate Investment Advisors bought a new position in United Microelectronics during the fourth quarter worth about $101,000. Institutional investors own 5.05% of the company’s stock.

Analyst Upgrades and Downgrades

UMC has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of United Microelectronics in a report on Tuesday, May 26th. Wall Street Zen cut United Microelectronics from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Finally, BNP Paribas Exane restated an “underperform” rating on shares of United Microelectronics in a report on Thursday, May 28th. One research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Strong Sell” and an average price target of $8.60.

United Microelectronics Trading Down 4.9%

NYSE UMC opened at $19.78 on Friday. The firm has a market cap of $49.80 billion, a P/E ratio of 30.43, a P/E/G ratio of 2.45 and a beta of 1.61. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.72 and a quick ratio of 2.23. The stock’s 50-day moving average is $14.30 and its 200-day moving average is $10.89. United Microelectronics Corporation has a one year low of $6.56 and a one year high of $23.69.

United Microelectronics (NYSE:UMC) last released its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.92 billion. United Microelectronics had a return on equity of 13.67% and a net margin of 20.71%. Sell-side analysts anticipate that United Microelectronics Corporation will post 0.7 earnings per share for the current fiscal year.

About United Microelectronics

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed (NYSE: UMC) and focuses on high-reliability manufacturing rather than branding consumer products.

UMC’s core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.