Blue Trust Inc. Increases Stock Position in United Microelectronics Corporation $UMC

Blue Trust Inc. raised its position in shares of United Microelectronics Corporation (NYSE:UMC) by 27.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,341 shares of the semiconductor company’s stock after buying an additional 21,663 shares during the quarter. Blue Trust Inc.’s holdings in United Microelectronics were worth $760,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UMC. Golden State Wealth Management LLC purchased a new position in United Microelectronics during the first quarter valued at $29,000. Farther Finance Advisors LLC increased its holdings in United Microelectronics by 134.8% in the 1st quarter. Farther Finance Advisors LLC now owns 4,980 shares of the semiconductor company’s stock worth $35,000 after buying an additional 2,859 shares in the last quarter. Choreo LLC bought a new stake in shares of United Microelectronics during the 1st quarter valued at about $80,000. Valeo Financial Advisors LLC bought a new stake in shares of United Microelectronics during the 2nd quarter valued at about $82,000. Finally, GAMMA Investing LLC lifted its position in shares of United Microelectronics by 262.9% during the 1st quarter. GAMMA Investing LLC now owns 12,108 shares of the semiconductor company’s stock valued at $87,000 after buying an additional 8,772 shares in the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

United Microelectronics Stock Down 3.8%

NYSE UMC opened at $7.20 on Friday. The stock’s 50 day moving average is $6.98 and its 200 day moving average is $7.24. The company has a current ratio of 1.77, a quick ratio of 1.46 and a debt-to-equity ratio of 0.12. United Microelectronics Corporation has a 12 month low of $5.61 and a 12 month high of $8.33. The stock has a market cap of $18.08 billion, a PE ratio of 14.69, a P/E/G ratio of 4.31 and a beta of 1.24.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). United Microelectronics had a return on equity of 11.05% and a net margin of 16.71%.The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $61.88 billion. During the same period in the prior year, the firm posted $0.17 earnings per share. Research analysts predict that United Microelectronics Corporation will post 0.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of United Microelectronics in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.