Proficio Capital Partners LLC Purchases Shares of 26,765 United Microelectronics Co. (NYSE:UMC)

Proficio Capital Partners LLC acquired a new position in United Microelectronics Co. (NYSE:UMC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,765 shares of the semiconductor company’s stock, valued at approximately $174,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Banque Pictet & Cie SA increased its stake in United Microelectronics by 3.5% in the 4th quarter. Banque Pictet & Cie SA now owns 74,509 shares of the semiconductor company’s stock worth $484,000 after buying an additional 2,500 shares in the last quarter. DGS Capital Management LLC boosted its stake in shares of United Microelectronics by 2.7% in the third quarter. DGS Capital Management LLC now owns 104,271 shares of the semiconductor company’s stock worth $878,000 after acquiring an additional 2,712 shares during the period. Caprock Group LLC grew its position in shares of United Microelectronics by 2.4% during the fourth quarter. Caprock Group LLC now owns 129,033 shares of the semiconductor company’s stock worth $837,000 after purchasing an additional 3,013 shares in the last quarter. Assetmark Inc. bought a new stake in United Microelectronics during the 3rd quarter valued at approximately $37,000. Finally, Glenmede Trust Co. NA lifted its holdings in United Microelectronics by 23.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 24,696 shares of the semiconductor company’s stock worth $208,000 after purchasing an additional 4,696 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors.

United Microelectronics Price Performance

Shares of United Microelectronics stock opened at $6.63 on Thursday. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. United Microelectronics Co. has a 12 month low of $5.61 and a 12 month high of $9.00. The stock has a 50 day moving average of $6.27 and a 200 day moving average of $7.09. The firm has a market cap of $16.60 billion, a PE ratio of 11.42, a PEG ratio of 4.44 and a beta of 1.20.

United Microelectronics (NYSE:UMC) last posted its earnings results 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 net margin of 20.35% and a return on equity of 12.78%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company posted $5.30 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, research analysts expect that United Microelectronics Co. will post 0.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on UMC shares. StockNews.com lowered shares of United Microelectronics from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Citigroup cut shares of United Microelectronics from a “buy” rating to a “sell” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, United Microelectronics has a consensus rating of “Hold” and a consensus price target of $7.40.

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.