Greenspring Advisors LLC Invests $204,000 in United Microelectronics Corporation $UMC

Greenspring Advisors LLC purchased a new position in shares of United Microelectronics Corporation (NYSE:UMC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 26,013 shares of the semiconductor company’s stock, valued at approximately $204,000.

A number of other hedge funds also recently modified their holdings of UMC. Smartleaf Asset Management LLC acquired a new stake in shares of United Microelectronics during the second quarter worth about $27,000. Mirae Asset Global Investments Co. Ltd. raised its position in United Microelectronics by 313.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,265 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 3,234 shares during the last quarter. TD Private Client Wealth LLC acquired a new stake in United Microelectronics in the 4th quarter valued at approximately $32,000. Allworth Financial LP raised its position in United Microelectronics by 20.5% in the 4th quarter. Allworth Financial LP now owns 8,817 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 1,498 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC acquired a new stake in United Microelectronics in the 4th quarter valued at approximately $75,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on UMC shares. Wall Street Zen lowered United Microelectronics from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. BNP Paribas Exane reissued an “underperform” rating on shares of United Microelectronics in a research report on Thursday, May 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of United Microelectronics in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Strong Sell” and an average price target of $8.60.

United Microelectronics Stock Down 4.9%

Shares of United Microelectronics stock opened at $19.78 on Friday. The business’s 50 day simple moving average is $14.30 and its 200 day simple moving average is $10.89. United Microelectronics Corporation has a 52-week low of $6.56 and a 52-week high of $23.69. The firm has a market cap of $49.80 billion, a PE ratio of 30.43, a P/E/G ratio of 2.45 and a beta of 1.61. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.23 and a current ratio of 2.72.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.08. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.92 billion. United Microelectronics had a return on equity of 13.67% and a net margin of 20.71%. On average, analysts predict that United Microelectronics Corporation will post 0.7 earnings per share for the current fiscal year.

United Microelectronics Profile

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed (NYSE: UMC) and focuses on high-reliability manufacturing rather than branding consumer products.

UMC’s core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.