Ritholtz Wealth Management Reduces Holdings in United Microelectronics Co. (NYSE:UMC)

Ritholtz Wealth Management reduced its stake in United Microelectronics Co. (NYSE:UMCFree Report) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,263 shares of the semiconductor company’s stock after selling 3,167 shares during the period. Ritholtz Wealth Management’s holdings in United Microelectronics were worth $958,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Rhumbline Advisers lifted its stake in shares of United Microelectronics by 16.5% in the 3rd quarter. Rhumbline Advisers now owns 889,156 shares of the semiconductor company’s stock valued at $6,277,000 after purchasing an additional 125,903 shares during the period. NewEdge Wealth LLC lifted its position in United Microelectronics by 46.4% during the third quarter. NewEdge Wealth LLC now owns 259,465 shares of the semiconductor company’s stock valued at $1,832,000 after buying an additional 82,245 shares during the period. Signaturefd LLC boosted its holdings in shares of United Microelectronics by 4.4% during the 3rd quarter. Signaturefd LLC now owns 218,484 shares of the semiconductor company’s stock valued at $1,542,000 after buying an additional 9,134 shares in the last quarter. Simon Quick Advisors LLC purchased a new stake in shares of United Microelectronics in the 4th quarter worth about $109,000. Finally, Barclays PLC increased its stake in shares of United Microelectronics by 219.3% in the 2nd quarter. Barclays PLC now owns 2,135,830 shares of the semiconductor company’s stock worth $16,851,000 after acquiring an additional 1,467,019 shares in the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UMC. 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 research note on Thursday, January 25th.

Check Out Our Latest Research Report on United Microelectronics

United Microelectronics Stock Performance

UMC stock opened at $8.09 on Friday. The stock has a market capitalization of $20.23 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 2.18 and a beta of 1.21. The stock’s 50 day simple moving average is $7.94 and its 200 day simple moving average is $7.73. United Microelectronics Co. has a 12-month low of $6.71 and a 12-month high of $8.97. The company has a current ratio of 2.19, a quick ratio of 1.98 and a debt-to-equity ratio of 0.13.

United Microelectronics (NYSE:UMCGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. United Microelectronics had a return on equity of 17.43% and a net margin of 27.41%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the company posted $0.25 earnings per share. As a group, research analysts forecast that United Microelectronics Co. will post 0.63 earnings per share for the current fiscal year.

United Microelectronics Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for United Microelectronics (NYSE:UMC)

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