United Microelectronics Co. (NYSE:UMC) Stock Holdings Lowered by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its position in United Microelectronics Co. (NYSE:UMC) by 32.3% during the 4th quarter, HoldingsChannel reports. The firm owned 82,972 shares of the semiconductor company’s stock after selling 39,550 shares during the quarter. Envestnet Asset Management Inc.’s holdings in United Microelectronics were worth $538,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Savant Capital LLC bought a new position in United Microelectronics during the 4th quarter valued at $66,000. Verdence Capital Advisors LLC bought a new position in United Microelectronics during the fourth quarter valued at about $69,000. Callan Family Office LLC acquired a new position in United Microelectronics during the fourth quarter worth about $70,000. SBI Securities Co. Ltd. bought a new stake in United Microelectronics in the fourth quarter worth about $73,000. Finally, Natural Investments LLC acquired a new stake in United Microelectronics in the 4th quarter valued at about $74,000. 5.05% of the stock is owned by institutional investors and hedge funds.

United Microelectronics Price Performance

UMC opened at $7.33 on Monday. The stock has a fifty day moving average price of $6.72 and a 200 day moving average price of $6.64. 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 1 year low of $5.61 and a 1 year high of $9.00. The stock has a market cap of $18.37 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 4.44 and a beta of 1.13.

United Microelectronics (NYSE:UMC) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $57.63 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 EPS. Analysts forecast that United Microelectronics Co. will post 0.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on UMC shares. Citigroup upgraded United Microelectronics from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, March 21st. Wedbush downgraded United Microelectronics from an “outperform” rating to a “neutral” rating in a report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.40.

United Microelectronics 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.