Savant Capital LLC Acquires New Shares in United Microelectronics Co. (NYSE:UMC)

Savant Capital LLC acquired a new stake in United Microelectronics Co. (NYSE:UMC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,223 shares of the semiconductor company’s stock, valued at approximately $66,000.

A number of other large investors have also made changes to their positions in UMC. Assetmark Inc. bought a new stake in shares of United Microelectronics in the 3rd quarter valued at $37,000. MML Investors Services LLC bought a new stake in shares of United Microelectronics in the 3rd quarter valued at $86,000. Synovus Financial Corp bought a new stake in shares of United Microelectronics in the 3rd quarter valued at $89,000. R Squared Ltd bought a new stake in shares of United Microelectronics in the 4th quarter valued at $121,000. Finally, Townsquare Capital LLC bought a new stake in shares of United Microelectronics in the 3rd quarter valued at $146,000. Institutional investors own 5.05% of the company’s stock.

United Microelectronics Trading Up 1.6 %

United Microelectronics stock opened at $6.49 on Thursday. The firm has a 50-day moving average of $6.27 and a 200-day moving average of $7.30. United Microelectronics Co. has a one year low of $5.61 and a one year high of $9.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 4.25 and a beta of 1.15.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings data on Tuesday, January 21st. The semiconductor company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the company earned $5.30 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities analysts expect that United Microelectronics Co. will post 0.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on UMC. Morgan Stanley cut United Microelectronics from an “overweight” rating to an “equal weight” rating in a report on Monday, October 28th. Citigroup cut United Microelectronics from a “buy” rating to a “sell” rating in a report on Tuesday, January 21st. StockNews.com cut United Microelectronics from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Finally, JPMorgan Chase & Co. cut United Microelectronics from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently 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.