United Microelectronics (NYSE:UMC) Releases Earnings Results, Misses Expectations By $0.01 EPS

United Microelectronics (NYSE:UMC) posted its quarterly earnings data on Wednesday. The semiconductor company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01), reports. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.72 billion. United Microelectronics had a return on equity of 15.82% and a net margin of 24.79%.

United Microelectronics Stock Performance

NYSE UMC opened at $7.78 on Friday. 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 fifty day simple moving average of $7.93 and a 200 day simple moving average of $7.84. United Microelectronics has a 12-month low of $6.71 and a 12-month high of $8.97. The company has a market cap of $19.46 billion, a P/E ratio of 11.11, a PEG ratio of 2.17 and a beta of 1.21.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. The Goldman Sachs Group lowered United Microelectronics from a “buy” rating to a “neutral” rating and set a $8.90 price objective for the company. in a research report on Tuesday, January 16th. HSBC upgraded shares of United Microelectronics from a “reduce” rating to a “hold” rating in a report on Thursday, January 25th. Finally, Citigroup raised shares of United Microelectronics from a “neutral” rating to a “buy” rating in a research report on Wednesday.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Schechter Investment Advisors LLC raised its holdings in shares of United Microelectronics by 5.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 26,501 shares of the semiconductor company’s stock worth $224,000 after acquiring an additional 1,452 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of United Microelectronics by 19.8% during the third quarter. EverSource Wealth Advisors LLC now owns 9,151 shares of the semiconductor company’s stock valued at $65,000 after buying an additional 1,514 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in United Microelectronics by 2.3% during the third quarter. PNC Financial Services Group Inc. now owns 73,303 shares of the semiconductor company’s stock worth $518,000 after buying an additional 1,671 shares in the last quarter. Inspire Advisors LLC raised its position in United Microelectronics by 19.6% in the 3rd quarter. Inspire Advisors LLC now owns 13,393 shares of the semiconductor company’s stock valued at $95,000 after buying an additional 2,198 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in United Microelectronics by 2.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 100,839 shares of the semiconductor company’s stock worth $853,000 after acquiring an additional 2,246 shares during the last quarter. 5.05% of the stock is owned by institutional investors.

United Microelectronics Company Profile

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.