Sequoia Financial Advisors LLC Buys 2,246 Shares of United Microelectronics Co. (NYSE:UMC)

Sequoia Financial Advisors LLC raised its holdings in United Microelectronics Co. (NYSE:UMC) by 2.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 100,839 shares of the semiconductor company’s stock after purchasing an additional 2,246 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in United Microelectronics were worth $853,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers boosted its holdings in United Microelectronics by 16.5% in the 3rd quarter. Rhumbline Advisers now owns 889,156 shares of the semiconductor company’s stock valued at $6,277,000 after purchasing an additional 125,903 shares during the period. NewEdge Wealth LLC boosted its holdings in United Microelectronics by 46.4% in the 3rd quarter. NewEdge Wealth LLC now owns 259,465 shares of the semiconductor company’s stock valued at $1,832,000 after purchasing an additional 82,245 shares during the period. Simon Quick Advisors LLC bought a new stake in United Microelectronics in the 4th quarter valued at about $109,000. Signaturefd LLC boosted its holdings in United Microelectronics by 4.4% in the 3rd quarter. Signaturefd LLC now owns 218,484 shares of the semiconductor company’s stock valued at $1,542,000 after purchasing an additional 9,134 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new stake in United Microelectronics in the 4th quarter valued at about $464,000. Institutional investors own 5.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group downgraded shares of United Microelectronics from a “buy” rating to a “neutral” rating and set a $8.90 price target for the company. in a report on Tuesday, January 16th. HSBC raised shares of United Microelectronics from a “reduce” rating to a “hold” rating in a report on Thursday, January 25th.

United Microelectronics Stock Performance

Shares of United Microelectronics stock opened at $7.97 on Monday. The company has a 50 day moving average of $7.98 and a 200-day moving average of $7.81. United Microelectronics Co. has a 1-year low of $6.71 and a 1-year high of $8.97. The company has a current ratio of 2.19, a quick ratio of 1.83 and a debt-to-equity ratio of 0.13. The company has a market cap of $19.93 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 2.14 and a beta of 1.21.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.70 billion. United Microelectronics had a net margin of 27.41% and a return on equity of 17.43%. During the same quarter in the prior year, the firm posted $0.25 EPS. As a group, equities research analysts forecast that United Microelectronics Co. will post 0.63 earnings per share for the current fiscal year.

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.