Flow Traders U.S. LLC Takes Position in United Microelectronics Co. (NYSE:UMC)

Posted by on Mar 11th, 2023

Flow Traders U.S. LLC purchased a new stake in shares of United Microelectronics Co. (NYSE:UMC – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,307 shares of the semiconductor company’s stock, valued at approximately $69,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of United Microelectronics during the 1st quarter valued at approximately $36,000. CoreCap Advisors LLC acquired a new stake in United Microelectronics in the second quarter worth $28,000. Guardian Wealth Advisors LLC acquired a new stake in United Microelectronics in the third quarter worth $25,000. Penserra Capital Management LLC acquired a new stake in United Microelectronics in the third quarter worth $33,000. Finally, Ronald Blue Trust Inc. acquired a new stake in United Microelectronics in the second quarter worth $106,000. 5.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UMC has been the topic of several analyst reports. Loop Capital initiated coverage on United Microelectronics in a research report on Monday, January 23rd. They issued a “hold” rating on the stock. StockNews.com lowered United Microelectronics from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 24th. Bank of America started coverage on United Microelectronics in a report on Monday, January 9th. They set a “buy” rating on the stock. Finally, Citigroup raised United Microelectronics from a “neutral” rating to a “buy” rating in a report on Tuesday, February 28th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

United Microelectronics Price Performance

Shares of UMC opened at $8.33 on Friday. The firm has a market capitalization of $20.80 billion, a price-to-earnings ratio of 7.12, a price-to-earnings-growth ratio of 4.52 and a beta of 1.28. 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 Co. has a one year low of $5.36 and a one year high of $9.61. The stock’s fifty day moving average is $7.90 and its 200-day moving average is $7.01.

United Microelectronics (NYSE:UMC – Get Rating) last issued its quarterly earnings results 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 business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.11 billion. United Microelectronics had a net margin of 31.24% and a return on equity of 28.08%. Equities analysts anticipate that United Microelectronics Co. will post 0.77 EPS for the current year.

United Microelectronics Company Profile

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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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