PDS Planning Inc Has $541,000 Position in United Microelectronics Corporation $UMC

PDS Planning Inc increased its holdings in shares of United Microelectronics Corporation (NYSE:UMC) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,758 shares of the semiconductor company’s stock after acquiring an additional 2,387 shares during the quarter. PDS Planning Inc’s holdings in United Microelectronics were worth $541,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in United Microelectronics in the 1st quarter valued at $29,000. Farther Finance Advisors LLC boosted its stake 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 valued at $35,000 after purchasing an additional 2,859 shares during the period. Valeo Financial Advisors LLC bought a new stake in United Microelectronics in the 2nd quarter valued at $82,000. Choreo LLC bought a new stake in United Microelectronics in the 1st quarter valued at $80,000. Finally, Viking Fund Management LLC bought a new stake in United Microelectronics in the 2nd quarter valued at $92,000. 5.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of United Microelectronics in a research note on Wednesday. One equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.40.

United Microelectronics Stock Performance

NYSE:UMC opened at $7.20 on Friday. The stock has a fifty day moving average price of $6.98 and a 200-day moving average price of $7.24. The company has a market cap of $18.08 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 4.31 and a beta of 1.24. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.46 and a current ratio of 1.77. United Microelectronics Corporation has a fifty-two week low of $5.61 and a fifty-two week high of $8.33.

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

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.