United Microelectronics Co. (NYSE:UMC) Shares Purchased by PDS Planning Inc

PDS Planning Inc boosted its holdings in United Microelectronics Co. (NYSE:UMC) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,828 shares of the semiconductor company’s stock after purchasing an additional 3,001 shares during the quarter. PDS Planning Inc’s holdings in United Microelectronics were worth $375,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Natural Investments LLC acquired a new position in United Microelectronics in the fourth quarter valued at approximately $74,000. PNC Financial Services Group Inc. boosted its holdings in United Microelectronics by 6.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 83,851 shares of the semiconductor company’s stock valued at $544,000 after purchasing an additional 5,377 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in United Microelectronics in the fourth quarter valued at approximately $1,108,000. Ashton Thomas Private Wealth LLC purchased a new stake in United Microelectronics in the fourth quarter valued at approximately $219,000. Finally, Callan Family Office LLC purchased a new stake in United Microelectronics in the fourth quarter valued at approximately $70,000. 5.05% of the stock is owned by institutional investors and hedge funds.

United Microelectronics Price Performance

Shares of NYSE UMC opened at $6.83 on Wednesday. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. United Microelectronics Co. has a twelve month low of $5.61 and a twelve month high of $9.00. The stock has a 50 day moving average of $6.29 and a two-hundred day moving average of $7.02. The stock has a market cap of $17.10 billion, a P/E ratio of 11.77, a P/E/G ratio of 4.44 and a beta of 1.20.

United Microelectronics (NYSE:UMC) last released its quarterly earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the company earned $5.30 EPS. United Microelectronics’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, research analysts forecast that United Microelectronics Co. will post 0.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Citigroup cut United Microelectronics from a “buy” rating to a “sell” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, United Microelectronics has a consensus rating of “Hold” and a consensus price target of $7.40.

About United Microelectronics

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.