GAMMA Investing LLC Invests $27,000 in United Microelectronics Co. (NYSE:UMC)

GAMMA Investing LLC acquired a new position in shares of United Microelectronics Co. (NYSE:UMC) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 3,474 shares of the semiconductor company’s stock, valued at approximately $27,000.

Several other large investors have also modified their holdings of the stock. Jennison Associates LLC bought a new stake in shares of United Microelectronics during the 4th quarter worth $5,671,000. CWM LLC boosted its stake in shares of United Microelectronics by 29.8% during the 4th quarter. CWM LLC now owns 17,062 shares of the semiconductor company’s stock worth $144,000 after acquiring an additional 3,913 shares in the last quarter. Signaturefd LLC boosted its stake in shares of United Microelectronics by 4.5% during the 4th quarter. Signaturefd LLC now owns 228,319 shares of the semiconductor company’s stock worth $1,932,000 after acquiring an additional 9,835 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in shares of United Microelectronics by 12.1% in the fourth quarter. Lindbrook Capital LLC now owns 33,445 shares of the semiconductor company’s stock valued at $283,000 after purchasing an additional 3,612 shares in the last quarter. Finally, NewEdge Wealth LLC lifted its holdings in shares of United Microelectronics by 51.4% in the fourth quarter. NewEdge Wealth LLC now owns 392,923 shares of the semiconductor company’s stock valued at $3,324,000 after purchasing an additional 133,458 shares in the last quarter. 5.05% of the stock is owned by institutional investors.

United Microelectronics Price Performance

Shares of NYSE:UMC opened at $8.12 on Tuesday. 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 business has a fifty day simple moving average of $7.95 and a 200 day simple moving average of $7.87. The firm has a market cap of $20.30 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 2.36 and a beta of 1.20.

United Microelectronics (NYSE:UMC) last posted its earnings results on Wednesday, April 24th. The semiconductor company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.72 billion. United Microelectronics had a return on equity of 15.97% and a net margin of 24.79%. As a group, sell-side analysts predict that United Microelectronics Co. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UMC. Citigroup upgraded United Microelectronics from a “neutral” rating to a “buy” rating in a report on Wednesday, April 24th. HSBC upgraded United Microelectronics from a “reduce” rating to a “hold” rating in a report on Thursday, January 25th. Finally, The Goldman Sachs Group lowered United Microelectronics from a “buy” rating to a “neutral” rating and set a $8.90 target price for the company. in a report on Tuesday, January 16th.

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.