Sapient Capital LLC Invests $95,000 in United Microelectronics Co. (NYSE:UMC)

Sapient Capital LLC bought a new stake in United Microelectronics Co. (NYSE:UMC) during the 4th quarter, Holdings Channel.com reports. The firm bought 11,225 shares of the semiconductor company’s stock, valued at approximately $95,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. LSV Asset Management grew its holdings in United Microelectronics by 322.5% during the 4th quarter. LSV Asset Management now owns 252,711 shares of the semiconductor company’s stock worth $2,138,000 after acquiring an additional 192,900 shares during the period. Summit Global Investments acquired a new position in shares of United Microelectronics during the fourth quarter valued at about $2,636,000. Intelligence Driven Advisers LLC boosted its holdings in United Microelectronics by 73.8% in the fourth quarter. Intelligence Driven Advisers LLC now owns 19,373 shares of the semiconductor company’s stock worth $149,000 after acquiring an additional 8,227 shares in the last quarter. Natixis Advisors L.P. grew its stake in United Microelectronics by 10.9% in the fourth quarter. Natixis Advisors L.P. now owns 157,564 shares of the semiconductor company’s stock valued at $1,332,000 after acquiring an additional 15,504 shares during the period. Finally, First Trust Direct Indexing L.P. increased its holdings in shares of United Microelectronics by 14.0% during the fourth quarter. First Trust Direct Indexing L.P. now owns 189,129 shares of the semiconductor company’s stock valued at $1,600,000 after acquiring an additional 23,290 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

Analysts Set New Price Targets

UMC has been the subject of several research reports. HSBC raised shares of United Microelectronics from a “reduce” rating to a “hold” rating in a research report on Thursday, January 25th. Citigroup raised shares of United Microelectronics from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 24th. Finally, 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 report on Tuesday, January 16th.

United Microelectronics Stock Performance

NYSE UMC opened at $8.00 on Thursday. United Microelectronics Co. has a 1 year low of $6.71 and a 1 year high of $8.97. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.13 and a quick ratio of 1.78. The company has a fifty day moving average price of $7.97 and a 200-day moving average price of $7.88. The firm has a market cap of $20.01 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 2.36 and a beta of 1.20.

United Microelectronics (NYSE:UMC) last announced its 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). The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.72 billion. United Microelectronics had a return on equity of 15.97% and a net margin of 24.79%. As a group, equities research analysts predict that United Microelectronics Co. will post 0.59 EPS for the current fiscal year.

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.