Commonwealth Equity Services LLC Has $426,000 Stock Holdings in United Microelectronics Co. (NYSE:UMC)

Commonwealth Equity Services LLC lowered its position in shares of United Microelectronics Co. (NYSE:UMC) by 5.5% in the fourth quarter, HoldingsChannel reports. The firm owned 65,599 shares of the semiconductor company’s stock after selling 3,839 shares during the period. Commonwealth Equity Services LLC’s holdings in United Microelectronics were worth $426,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Two Sigma Advisers LP increased its holdings in shares of United Microelectronics by 314.1% during the third quarter. Two Sigma Advisers LP now owns 1,279,600 shares of the semiconductor company’s stock worth $10,774,000 after buying an additional 970,600 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in United Microelectronics by 178.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 383,842 shares of the semiconductor company’s stock worth $2,506,000 after acquiring an additional 246,034 shares during the last quarter. Barclays PLC increased its holdings in United Microelectronics by 8.1% during the 3rd quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company’s stock valued at $26,995,000 after purchasing an additional 240,380 shares in the last quarter. Fisher Asset Management LLC raised its position in United Microelectronics by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 7,300,362 shares of the semiconductor company’s stock valued at $47,379,000 after purchasing an additional 237,024 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in United Microelectronics in the third quarter worth $1,915,000. 5.05% of the stock is owned by institutional investors.

United Microelectronics Stock Performance

UMC stock opened at $6.25 on Monday. The stock has a market capitalization of $15.65 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 4.44 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. The company has a 50 day moving average price of $6.43 and a 200 day moving average price of $6.86. United Microelectronics Co. has a fifty-two week low of $5.61 and a fifty-two week high of $9.00.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $5.30 EPS. Analysts forecast that United Microelectronics Co. will post 0.51 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded United Microelectronics from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, March 21st. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.