United Microelectronics Co. (NYSE:UMC) Shares Sold by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC lessened its stake in United Microelectronics Co. (NYSE:UMC) by 51.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,147 shares of the semiconductor company’s stock after selling 21,550 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in United Microelectronics were worth $127,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UMC. Two Sigma Advisers LP grew its stake in shares of United Microelectronics by 314.1% in the 3rd quarter. Two Sigma Advisers LP now owns 1,279,600 shares of the semiconductor company’s stock valued at $10,774,000 after purchasing an additional 970,600 shares during the last quarter. Genesis Investment Management LLP lifted its holdings in shares of United Microelectronics by 12.2% during the third quarter. Genesis Investment Management LLP now owns 4,353,325 shares of the semiconductor company’s stock worth $36,655,000 after purchasing an additional 474,004 shares during the period. Barclays PLC grew its position in United Microelectronics by 8.1% in the 3rd quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company’s stock valued at $26,995,000 after buying an additional 240,380 shares during the last quarter. XTX Topco Ltd acquired a new position in United Microelectronics in the 3rd quarter valued at $1,915,000. Finally, FMR LLC raised its position in United Microelectronics by 192.7% during the 3rd quarter. FMR LLC now owns 300,738 shares of the semiconductor company’s stock worth $2,532,000 after buying an additional 197,998 shares during the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UMC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered shares of United Microelectronics from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group cut United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 target price on the stock. in a research report on Thursday, October 17th. Morgan Stanley cut United Microelectronics from an “overweight” rating to an “equal weight” rating in a report on Monday, October 28th. StockNews.com lowered United Microelectronics from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Finally, Citigroup downgraded United Microelectronics from a “buy” rating to a “sell” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $7.40.

United Microelectronics Price Performance

UMC stock opened at $5.73 on Thursday. The company has a market cap of $14.35 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 3.88 and a beta of 1.17. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $6.47 and a 200-day moving average of $7.49. United Microelectronics Co. has a 12-month low of $5.61 and a 12-month high of $9.00.

United Microelectronics (NYSE:UMC) last posted its earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the firm posted $5.30 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities analysts expect that United Microelectronics Co. will post 0.51 EPS for the current fiscal year.

United Microelectronics Company Profile

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.