Prime Capital Investment Advisors LLC Takes Position in United Microelectronics Co. (NYSE:UMC)

Prime Capital Investment Advisors LLC purchased a new stake in shares of United Microelectronics Co. (NYSE:UMC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,280 shares of the semiconductor company’s stock, valued at approximately $95,000.

A number of other large investors also recently modified their holdings of UMC. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of United Microelectronics by 185.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,275 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 2,775 shares during the period. Quantbot Technologies LP acquired a new position in shares of United Microelectronics during the first quarter valued at $36,000. Tower Research Capital LLC TRC increased its holdings in shares of United Microelectronics by 222.1% during the third quarter. Tower Research Capital LLC TRC now owns 5,514 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 3,802 shares during the period. EverSource Wealth Advisors LLC boosted its stake in United Microelectronics by 19.8% during the third quarter. EverSource Wealth Advisors LLC now owns 9,151 shares of the semiconductor company’s stock valued at $65,000 after buying an additional 1,514 shares in the last quarter. Finally, BOKF NA bought a new position in United Microelectronics during the fourth quarter valued at about $68,000. 5.05% of the stock is owned by institutional investors and hedge funds.

United Microelectronics Trading Down 2.6 %

Shares of UMC stock opened at $7.97 on Monday. The company has a quick ratio of 1.83, a current ratio of 2.19 and a debt-to-equity ratio of 0.13. United Microelectronics Co. has a fifty-two week low of $6.71 and a fifty-two week high of $8.97. The stock has a market capitalization of $19.93 billion, a P/E ratio of 10.09, a P/E/G ratio of 2.14 and a beta of 1.21. The stock has a 50-day simple moving average of $7.98 and a 200 day simple moving average of $7.81.

United Microelectronics (NYSE:UMC) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. United Microelectronics had a return on equity of 17.43% and a net margin of 27.41%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the company posted $0.25 EPS. On average, sell-side analysts expect that United Microelectronics Co. will post 0.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. The Goldman Sachs Group cut United Microelectronics from a “buy” rating to a “neutral” rating and set a $8.90 target price for the company. in a research note on Tuesday, January 16th. HSBC raised United Microelectronics from a “reduce” rating to a “hold” rating in a research note on Thursday, January 25th.

United Microelectronics Profile

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, 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.