United Microelectronics Co. (NYSE:UMC) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its position in United Microelectronics Co. (NYSE:UMC) by 6.9% in the 4th quarter, HoldingsChannel reports. The firm owned 83,851 shares of the semiconductor company’s stock after purchasing an additional 5,377 shares during the period. PNC Financial Services Group Inc.’s holdings in United Microelectronics were worth $544,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Banque Pictet & Cie SA raised its stake in United Microelectronics by 3.5% in the 4th quarter. Banque Pictet & Cie SA now owns 74,509 shares of the semiconductor company’s stock valued at $484,000 after purchasing an additional 2,500 shares during the last quarter. DGS Capital Management LLC raised its stake in United Microelectronics by 2.7% in the 3rd quarter. DGS Capital Management LLC now owns 104,271 shares of the semiconductor company’s stock valued at $878,000 after purchasing an additional 2,712 shares during the last quarter. Caprock Group LLC grew its holdings in United Microelectronics by 2.4% in the 4th quarter. Caprock Group LLC now owns 129,033 shares of the semiconductor company’s stock valued at $837,000 after buying an additional 3,013 shares during the period. Glenmede Trust Co. NA grew its holdings in United Microelectronics by 23.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 24,696 shares of the semiconductor company’s stock valued at $208,000 after buying an additional 4,696 shares during the period. Finally, Ieq Capital LLC grew its holdings in United Microelectronics by 36.9% in the 4th quarter. Ieq Capital LLC now owns 27,459 shares of the semiconductor company’s stock valued at $178,000 after buying an additional 7,401 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Stock Up 0.5 %

UMC opened at $6.87 on Thursday. 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 stock has a market capitalization of $17.20 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 4.44 and a beta of 1.20. The business has a 50-day moving average of $6.30 and a two-hundred day moving average of $7.02. United Microelectronics Co. has a 12 month low of $5.61 and a 12 month high of $9.00.

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

Analyst Upgrades and Downgrades

Separately, Citigroup cut United Microelectronics from a “buy” rating to a “sell” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, United Microelectronics currently has a consensus rating of “Hold” and a consensus target price of $7.40.

United Microelectronics Company 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.