106,385 Shares in United Microelectronics Corporation $UMC Acquired by Caprock Group LLC

Caprock Group LLC bought a new position in shares of United Microelectronics Corporation (NYSE:UMC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 106,385 shares of the semiconductor company’s stock, valued at approximately $806,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Smartleaf Asset Management LLC purchased a new stake in shares of United Microelectronics during the 2nd quarter worth $27,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in United Microelectronics by 313.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,265 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 3,234 shares in the last quarter. Euro Pacific Asset Management LLC purchased a new stake in shares of United Microelectronics during the third quarter valued at about $80,000. Wealth Alliance LLC bought a new stake in shares of United Microelectronics in the 2nd quarter valued at about $77,000. Finally, MGO One Seven LLC bought a new stake in shares of United Microelectronics in the 3rd quarter valued at about $77,000. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on UMC. Wall Street Zen lowered shares of United Microelectronics from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of United Microelectronics in a report on Thursday, January 29th. Bank of America downgraded United Microelectronics from a “buy” rating to an “underperform” rating in a research note on Wednesday, November 12th. Finally, BNP Paribas Exane raised United Microelectronics to a “strong-buy” rating in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $8.60.

United Microelectronics Stock Performance

Shares of UMC stock opened at $10.43 on Monday. The business has a fifty day moving average of $9.11 and a 200 day moving average of $7.86. United Microelectronics Corporation has a 1 year low of $5.71 and a 1 year high of $12.68. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.34 and a quick ratio of 1.92. The firm has a market capitalization of $26.19 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 5.54 and a beta of 1.10.

United Microelectronics (NYSE:UMC) last announced its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. United Microelectronics had a return on equity of 11.59% and a net margin of 17.60%.The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the company earned $0.10 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. As a group, research analysts expect that United Microelectronics Corporation will post 0.51 earnings per share for the current year.

United Microelectronics Profile

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed (NYSE: UMC) and focuses on high-reliability manufacturing rather than branding consumer products.

UMC’s core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.