Private Advisor Group LLC Sells 4,837 Shares of United Microelectronics Co. (NYSE:UMC)

Private Advisor Group LLC lowered its position in United Microelectronics Co. (NYSE:UMC) by 28.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,136 shares of the semiconductor company’s stock after selling 4,837 shares during the period. Private Advisor Group LLC’s holdings in United Microelectronics were worth $103,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC bought a new position in shares of United Microelectronics in the fourth quarter valued at approximately $27,000. EverSource Wealth Advisors LLC raised its stake in shares of United Microelectronics by 19.8% in the third quarter. EverSource Wealth Advisors LLC now owns 9,151 shares of the semiconductor company’s stock valued at $65,000 after acquiring an additional 1,514 shares during the last quarter. Intelligence Driven Advisers LLC bought a new position in shares of United Microelectronics in the third quarter valued at approximately $77,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of United Microelectronics in the third quarter valued at approximately $80,000. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of United Microelectronics in the third quarter valued at approximately $85,000. Institutional investors own 5.05% of the company’s stock.

United Microelectronics Stock Performance

Shares of United Microelectronics stock opened at $8.56 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.32 and a quick ratio of 1.93. The firm has a market cap of $21.41 billion, a P/E ratio of 12.23, a P/E/G ratio of 2.99 and a beta of 1.20. The firm has a 50 day simple moving average of $8.03 and a 200 day simple moving average of $7.96. United Microelectronics Co. has a fifty-two week low of $6.71 and a fifty-two week high of $8.97.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). United Microelectronics had a net margin of 24.79% and a return on equity of 15.60%. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.72 billion. Sell-side analysts predict that United Microelectronics Co. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Citigroup raised shares of United Microelectronics from a “neutral” rating to a “buy” rating in a report on Wednesday, April 24th.

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.