Cwm LLC Boosts Stake in United Microelectronics Co. (NYSE:UMC)

Cwm LLC lifted its holdings in United Microelectronics Co. (NYSE:UMC) by 29.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,062 shares of the semiconductor company’s stock after buying an additional 3,913 shares during the period. Cwm LLC’s holdings in United Microelectronics were worth $144,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of UMC. Signaturefd LLC boosted its position in United Microelectronics by 4.5% in the fourth quarter. Signaturefd LLC now owns 228,319 shares of the semiconductor company’s stock worth $1,932,000 after purchasing an additional 9,835 shares during the last quarter. Lindbrook Capital LLC grew its position in United Microelectronics by 12.1% during the fourth quarter. Lindbrook Capital LLC now owns 33,445 shares of the semiconductor company’s stock valued at $283,000 after buying an additional 3,612 shares during the period. NewEdge Wealth LLC increased its holdings in United Microelectronics by 51.4% during the fourth quarter. NewEdge Wealth LLC now owns 392,923 shares of the semiconductor company’s stock worth $3,324,000 after buying an additional 133,458 shares during the last quarter. Sapient Capital LLC bought a new stake in United Microelectronics in the fourth quarter worth about $95,000. Finally, Janiczek Wealth Management LLC boosted its stake in United Microelectronics by 6.4% in the fourth quarter. Janiczek Wealth Management LLC now owns 57,633 shares of the semiconductor company’s stock valued at $488,000 after acquiring an additional 3,460 shares during the last quarter. 5.05% of the stock is owned by institutional investors.

United Microelectronics Stock Performance

Shares of NYSE UMC opened at $8.15 on Monday. The stock has a market cap of $20.38 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 2.36 and a beta of 1.20. The company has a current ratio of 2.13, a quick ratio of 1.78 and a debt-to-equity ratio of 0.13. United Microelectronics Co. has a 1-year low of $6.71 and a 1-year high of $8.97. The stock’s 50-day moving average is $7.94 and its 200 day moving average is $7.87.

United Microelectronics (NYSE:UMC) last announced its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.72 billion. United Microelectronics had a net margin of 24.79% and a return on equity of 15.97%. On average, sell-side analysts anticipate that United Microelectronics Co. will post 0.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on UMC. The Goldman Sachs Group lowered shares of United Microelectronics from a “buy” rating to a “neutral” rating and set a $8.90 price target for the company. in a research note on Tuesday, January 16th. Citigroup upgraded shares of United Microelectronics from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 24th. Finally, 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.