Yousif Capital Management LLC Has $306,000 Holdings in United Microelectronics Corporation $UMC

Yousif Capital Management LLC lifted its holdings in United Microelectronics Corporation (NYSE:UMC) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,941 shares of the semiconductor company’s stock after purchasing an additional 2,205 shares during the quarter. Yousif Capital Management LLC’s holdings in United Microelectronics were worth $306,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in UMC. Golden State Wealth Management LLC acquired a new stake in United Microelectronics in the 1st quarter valued at $29,000. GAMMA Investing LLC grew its holdings in shares of United Microelectronics by 262.9% in the 1st quarter. GAMMA Investing LLC now owns 12,108 shares of the semiconductor company’s stock valued at $87,000 after acquiring an additional 8,772 shares in the last quarter. Callan Family Office LLC increased its position in shares of United Microelectronics by 406.8% in the second quarter. Callan Family Office LLC now owns 54,754 shares of the semiconductor company’s stock valued at $419,000 after acquiring an additional 43,950 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in United Microelectronics by 31.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 365,708 shares of the semiconductor company’s stock worth $2,798,000 after acquiring an additional 88,237 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in United Microelectronics by 89.5% during the first quarter. Cerity Partners LLC now owns 324,207 shares of the semiconductor company’s stock worth $2,318,000 after acquiring an additional 153,123 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Price Performance

NYSE:UMC opened at $7.53 on Friday. United Microelectronics Corporation has a 12-month low of $5.61 and a 12-month high of $8.33. The firm has a market capitalization of $18.90 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 4.43 and a beta of 1.24. The stock’s 50 day moving average price is $7.10 and its two-hundred day moving average price is $7.29. The company has a quick ratio of 1.46, a current ratio of 1.77 and a debt-to-equity ratio of 0.12.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of United Microelectronics in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, United Microelectronics currently has a consensus rating of “Hold”.

United Microelectronics Profile

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.