Invesco Ltd. Sells 12,650 Shares of United Microelectronics Co. (NYSE:UMC)

Invesco Ltd. lessened its holdings in shares of United Microelectronics Co. (NYSE:UMC) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 266,063 shares of the semiconductor company’s stock after selling 12,650 shares during the quarter. Invesco Ltd.’s holdings in United Microelectronics were worth $1,727,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in UMC. Savant Capital LLC bought a new position in shares of United Microelectronics during the 4th quarter valued at $66,000. Verdence Capital Advisors LLC bought a new position in United Microelectronics during the fourth quarter valued at about $69,000. Callan Family Office LLC acquired a new stake in shares of United Microelectronics in the fourth quarter worth about $70,000. SBI Securities Co. Ltd. bought a new stake in shares of United Microelectronics during the 4th quarter worth about $73,000. Finally, Natural Investments LLC acquired a new position in shares of United Microelectronics during the 4th quarter valued at about $74,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UMC. Wedbush cut United Microelectronics from an “outperform” rating to a “neutral” rating in a research report on Wednesday, April 16th. Citigroup raised shares of United Microelectronics from a “strong sell” rating to a “strong-buy” rating in a report on Friday, March 21st. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, United Microelectronics currently has an average rating of “Hold” and an average price target of $7.40.

United Microelectronics Stock Performance

UMC opened at $6.92 on Wednesday. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average price is $6.68 and its two-hundred day moving average price is $6.66. The firm has a market capitalization of $17.34 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 4.44 and a beta of 1.12. United Microelectronics Co. has a 12-month low of $5.61 and a 12-month high of $9.00.

United Microelectronics (NYSE:UMC) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $57.63 billion. United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 EPS. On average, equities analysts forecast that United Microelectronics Co. will post 0.51 earnings per share for the current year.

About United Microelectronics

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