SVB Wealth LLC Sells 4,895 Shares of United Microelectronics Co. (NYSE:UMC)

SVB Wealth LLC lessened its stake in United Microelectronics Co. (NYSE:UMC) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,153 shares of the semiconductor company’s stock after selling 4,895 shares during the period. SVB Wealth LLC’s holdings in United Microelectronics were worth $492,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rhumbline Advisers grew its holdings in shares of United Microelectronics by 16.5% during the 3rd quarter. Rhumbline Advisers now owns 889,156 shares of the semiconductor company’s stock worth $6,277,000 after acquiring an additional 125,903 shares during the period. NewEdge Wealth LLC boosted its stake in United Microelectronics by 46.4% during 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 last quarter. Simon Quick Advisors LLC purchased a new stake in United Microelectronics during the 4th quarter valued at $109,000. Signaturefd LLC boosted its stake in United Microelectronics by 4.4% during 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 last quarter. Finally, SeaCrest Wealth Management LLC purchased a new stake in United Microelectronics during the 4th quarter valued at $464,000. Institutional investors own 5.05% of the company’s stock.

United Microelectronics Trading Down 1.7 %

Shares of United Microelectronics stock opened at $7.40 on Friday. The firm has a market cap of $18.51 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 1.99 and a beta of 1.21. The business has a 50-day moving average price of $7.95 and a 200-day moving average price of $7.82. 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 twelve month low of $6.71 and a twelve month high of $8.97.

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

Analyst Upgrades and Downgrades

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

About United Microelectronics

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.