Penserra Capital Management LLC Takes Position in United Microelectronics Co. (NYSE:UMC)

Posted by on Feb 28th, 2023

Penserra Capital Management LLC acquired a new stake in United Microelectronics Co. (NYSE:UMC – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,009 shares of the semiconductor company’s stock, valued at approximately $33,000.

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of United Microelectronics during the first quarter valued at $36,000. CoreCap Advisors LLC acquired a new position in shares of United Microelectronics during the 2nd quarter valued at about $28,000. Guardian Wealth Advisors LLC acquired a new position in shares of United Microelectronics during the 3rd quarter valued at about $25,000. Ronald Blue Trust Inc. acquired a new position in shares of United Microelectronics during the 2nd quarter valued at about $106,000. Finally, First Republic Investment Management Inc. acquired a new position in shares of United Microelectronics during the 3rd quarter valued at about $65,000. Institutional investors and hedge funds own 5.35% of the company’s stock.

Analyst Upgrades and Downgrades

UMC has been the topic of a number of research analyst reports. Bank of America initiated coverage on United Microelectronics in a report on Monday, January 9th. They issued a “buy” rating on the stock. Loop Capital started coverage on United Microelectronics in a report on Monday, January 23rd. They issued a “hold” rating on the stock. Finally, StockNews.com downgraded United Microelectronics from a “strong-buy” rating to a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

United Microelectronics Stock Up 0.4 %

NYSE UMC opened at $8.06 on Tuesday. The stock has a fifty day moving average of $7.61 and a 200-day moving average of $6.93. The stock has a market capitalization of $20.12 billion, a P/E ratio of 6.89, a price-to-earnings-growth ratio of 4.33 and a beta of 1.28. United Microelectronics Co. has a 52 week low of $5.36 and a 52 week high of $9.68. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.19 and a current ratio of 2.47.

United Microelectronics (NYSE:UMC – Get Rating) last announced its quarterly earnings data on Monday, January 16th. The semiconductor company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.11 billion. United Microelectronics had a return on equity of 28.08% and a net margin of 31.24%. On average, equities research analysts forecast that United Microelectronics Co. will post 0.77 EPS for the current year.

About United Microelectronics

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United Microelectronics Corp. is engaged in the semiconductor foundry business, which offers complementary metal-oxide semiconductor logic wafers, mixed signal wafers, radio frequency complementary metal-oxide semiconductor wafers, embedded memory products, high voltage integrated circuits, and complementary metal-oxide semiconductor image sensors.

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Institutional Ownership by Quarter for United Microelectronics (NYSE:UMC)

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