Blue Trust Inc. Boosts Holdings in United Microelectronics Co. (NYSE:UMC)

Blue Trust Inc. raised its holdings in shares of United Microelectronics Co. (NYSE:UMC) by 42.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 258,775 shares of the semiconductor company’s stock after buying an additional 76,993 shares during the period. Blue Trust Inc.’s holdings in United Microelectronics were worth $1,679,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. grew its stake in shares of United Microelectronics by 6.4% during the 2nd quarter. Sei Investments Co. now owns 55,343 shares of the semiconductor company’s stock valued at $485,000 after acquiring an additional 3,331 shares during the period. Creative Planning boosted its position in shares of United Microelectronics by 26.5% in the second quarter. Creative Planning now owns 539,883 shares of the semiconductor company’s stock worth $4,729,000 after purchasing an additional 113,130 shares during the period. GAMMA Investing LLC increased its stake in shares of United Microelectronics by 90.7% in the third quarter. GAMMA Investing LLC now owns 6,817 shares of the semiconductor company’s stock worth $57,000 after purchasing an additional 3,242 shares in the last quarter. Ignite Planners LLC raised its position in shares of United Microelectronics by 1.5% during the 3rd quarter. Ignite Planners LLC now owns 90,303 shares of the semiconductor company’s stock valued at $760,000 after purchasing an additional 1,360 shares during the period. Finally, Aprio Wealth Management LLC lifted its stake in shares of United Microelectronics by 20.3% during the 3rd quarter. Aprio Wealth Management LLC now owns 13,026 shares of the semiconductor company’s stock valued at $110,000 after buying an additional 2,198 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors.

United Microelectronics Stock Performance

NYSE UMC opened at $5.69 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. United Microelectronics Co. has a 1-year low of $5.63 and a 1-year high of $9.00. The business has a 50 day simple moving average of $6.52 and a two-hundred day simple moving average of $7.53. The stock has a market capitalization of $14.25 billion, a PE ratio of 9.80, a P/E/G ratio of 3.88 and a beta of 1.17.

United Microelectronics (NYSE:UMC) last announced its quarterly earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.03). United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the firm posted $5.30 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, research analysts predict that United Microelectronics Co. will post 0.51 EPS for the current fiscal year.

Analyst Ratings Changes

UMC has been the topic of a number of recent analyst reports. Citigroup cut United Microelectronics from a “buy” rating to a “sell” rating in a report on Tuesday, January 21st. Morgan Stanley cut United Microelectronics from an “overweight” rating to an “equal weight” rating in a report on Monday, October 28th. The Goldman Sachs Group lowered shares of United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 price objective for the company. in a report on Thursday, October 17th. StockNews.com downgraded shares of United Microelectronics from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Finally, JPMorgan Chase & Co. cut shares of United Microelectronics from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.40.

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.