Vontobel Holding Ltd. Invests $403,000 in United Microelectronics Co. (NYSE:UMC)

Vontobel Holding Ltd. bought a new position in shares of United Microelectronics Co. (NYSE:UMC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 62,107 shares of the semiconductor company’s stock, valued at approximately $403,000.

Other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in United Microelectronics by 178.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 383,842 shares of the semiconductor company’s stock worth $2,506,000 after purchasing an additional 246,034 shares in the last quarter. Savant Capital LLC acquired a new stake in United Microelectronics in the 4th quarter worth about $66,000. Caprock Group LLC raised its stake in United Microelectronics by 2.4% in the 4th 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. First Affirmative Financial Network raised its stake in United Microelectronics by 74.7% in the 4th quarter. First Affirmative Financial Network now owns 23,693 shares of the semiconductor company’s stock worth $154,000 after purchasing an additional 10,131 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in United Microelectronics in the 4th quarter worth about $121,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UMC. Morgan Stanley cut 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. JPMorgan Chase & Co. cut shares of United Microelectronics from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 30th. Finally, StockNews.com lowered shares of United Microelectronics from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.40.

United Microelectronics Price Performance

UMC stock opened at $6.54 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.19 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 firm has a market cap of $16.38 billion, a P/E ratio of 11.27, a P/E/G ratio of 4.33 and a beta of 1.15. The company’s 50-day moving average price is $6.27 and its two-hundred day moving average price is $7.30.

United Microelectronics (NYSE:UMC) last released its earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the business earned $5.30 earnings per share. United Microelectronics’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts anticipate that United Microelectronics Co. will post 0.51 earnings per share 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.