11,225 Shares in United Microelectronics Co. (NYSE:UMC) Purchased by Sapient Capital LLC

Sapient Capital LLC bought a new position in shares of United Microelectronics Co. (NYSE:UMC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,225 shares of the semiconductor company’s stock, valued at approximately $95,000.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in shares of United Microelectronics during the fourth quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its holdings in shares of United Microelectronics by 19.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 9,151 shares of the semiconductor company’s stock worth $65,000 after acquiring an additional 1,514 shares in the last quarter. Coldstream Capital Management Inc. bought a new stake in United Microelectronics during the 3rd quarter worth approximately $76,000. Intelligence Driven Advisers LLC acquired a new stake in United Microelectronics during the 3rd quarter valued at $77,000. Finally, Enterprise Financial Services Corp bought a new position in United Microelectronics in the 3rd quarter valued at $78,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

United Microelectronics Stock Performance

Shares of NYSE:UMC opened at $8.00 on Thursday. The stock has a market capitalization of $20.01 billion, a P/E ratio of 11.43, a P/E/G ratio of 2.36 and a beta of 1.20. The company has a current ratio of 2.13, a quick ratio of 1.78 and a debt-to-equity ratio of 0.13. United Microelectronics Co. has a 1-year low of $6.71 and a 1-year high of $8.97. The business has a 50-day moving average price of $7.97 and a two-hundred day moving average price of $7.88.

United Microelectronics (NYSE:UMC) last announced its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.72 billion. United Microelectronics had a net margin of 24.79% and a return on equity of 15.97%. Equities analysts predict that United Microelectronics Co. will post 0.59 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on UMC shares. HSBC upgraded United Microelectronics from a “reduce” rating to a “hold” rating in a report on Thursday, January 25th. Citigroup raised shares of United Microelectronics from a “neutral” rating to a “buy” rating in a report on Wednesday, April 24th. Finally, The Goldman Sachs Group downgraded United Microelectronics from a “buy” rating to a “neutral” rating and set a $8.90 price objective on the stock. in a report on Tuesday, January 16th.

United Microelectronics 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.