BSW Wealth Partners Sells 13,875 Shares of United Microelectronics Co. (NYSE:UMC)

BSW Wealth Partners reduced its holdings in shares of United Microelectronics Co. (NYSE:UMC) by 51.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,068 shares of the semiconductor company’s stock after selling 13,875 shares during the quarter. BSW Wealth Partners’ holdings in United Microelectronics were worth $85,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UMC. Genesis Investment Management LLP increased its holdings in shares of United Microelectronics by 12.2% in the third quarter. Genesis Investment Management LLP now owns 4,353,325 shares of the semiconductor company’s stock valued at $36,655,000 after purchasing an additional 474,004 shares during the last quarter. State Street Corp grew its stake in United Microelectronics by 1.5% in the 3rd quarter. State Street Corp now owns 3,661,624 shares of the semiconductor company’s stock valued at $30,831,000 after buying an additional 53,105 shares during the last quarter. Barclays PLC grew its stake in United Microelectronics by 8.1% in the 3rd quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company’s stock valued at $26,995,000 after buying an additional 240,380 shares during the last quarter. Two Sigma Advisers LP lifted its position in United Microelectronics by 314.1% during the third quarter. Two Sigma Advisers LP now owns 1,279,600 shares of the semiconductor company’s stock worth $10,774,000 after acquiring an additional 970,600 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of United Microelectronics by 16.5% during the third quarter. BNP Paribas Financial Markets now owns 1,186,187 shares of the semiconductor company’s stock worth $9,988,000 after acquiring an additional 168,399 shares during the period. 5.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

United Microelectronics Stock Performance

UMC opened at $5.83 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19. United Microelectronics Co. has a 52-week low of $5.61 and a 52-week high of $9.00. The firm has a market cap of $14.60 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 3.88 and a beta of 1.17. The business’s fifty day moving average is $6.45 and its 200-day moving average is $7.48.

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