HB Wealth Management LLC Takes $103,000 Position in United Microelectronics Corporation $UMC

HB Wealth Management LLC purchased a new stake in United Microelectronics Corporation (NYSE:UMC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,471 shares of the semiconductor company’s stock, valued at approximately $103,000.

A number of other large investors have also added to or reduced their stakes in UMC. GAMMA Investing LLC raised its holdings in United Microelectronics by 2,495.1% in the 1st quarter. GAMMA Investing LLC now owns 86,572 shares of the semiconductor company’s stock valued at $619,000 after buying an additional 83,236 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in United Microelectronics by 134.8% in the 1st quarter. Farther Finance Advisors LLC now owns 4,980 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 2,859 shares during the last quarter. Hennessy Advisors Inc. raised its holdings in United Microelectronics by 34.0% in the 1st quarter. Hennessy Advisors Inc. now owns 20,098 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 5,104 shares during the last quarter. Foster Victor Wealth Advisors LLC raised its holdings in United Microelectronics by 19.5% in the 1st quarter. Foster Victor Wealth Advisors LLC now owns 24,074 shares of the semiconductor company’s stock valued at $165,000 after buying an additional 3,927 shares during the last quarter. Finally, CogentBlue Wealth Advisors LLC bought a new position in United Microelectronics in the 1st quarter valued at approximately $148,000. Institutional investors own 5.05% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of United Microelectronics in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.40.

United Microelectronics Stock Up 3.6%

United Microelectronics stock opened at $7.55 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.46 and a current ratio of 1.77. United Microelectronics Corporation has a 52-week low of $5.61 and a 52-week high of $8.33. The firm has a 50 day moving average price of $6.96 and a two-hundred day moving average price of $7.23. The firm has a market cap of $18.97 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 4.38 and a beta of 1.24.

United Microelectronics (NYSE:UMC) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.02). United Microelectronics had a return on equity of 11.05% and a net margin of 16.71%.The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $61.88 billion. During the same quarter in the previous year, the business posted $0.17 EPS. Equities analysts predict that United Microelectronics Corporation will post 0.51 EPS 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.