PDS Planning Inc Grows Stock Position in United Microelectronics Co. (NYSE:UMC)

PDS Planning Inc lifted its stake in shares of United Microelectronics Co. (NYSE:UMC) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,828 shares of the semiconductor company’s stock after purchasing an additional 3,001 shares during the quarter. PDS Planning Inc’s holdings in United Microelectronics were worth $375,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. purchased a new position in United Microelectronics in the third quarter worth $37,000. Savant Capital LLC purchased a new position in United Microelectronics in the fourth quarter worth $66,000. Verdence Capital Advisors LLC purchased a new position in United Microelectronics in the fourth quarter worth $69,000. Callan Family Office LLC purchased a new position in United Microelectronics in the fourth quarter worth $70,000. Finally, SBI Securities Co. Ltd. purchased a new position in United Microelectronics in the fourth quarter worth $73,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

United Microelectronics Stock Up 1.9 %

United Microelectronics stock opened at $6.83 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19. The firm has a market capitalization of $17.10 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 4.44 and a beta of 1.20. United Microelectronics Co. has a fifty-two week low of $5.61 and a fifty-two week high of $9.00. The stock’s fifty day moving average is $6.29 and its two-hundred day moving average is $7.02.

United Microelectronics (NYSE:UMC) last posted its earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.03). The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company posted $5.30 EPS. Analysts predict that United Microelectronics Co. will post 0.51 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Citigroup cut United Microelectronics from a “buy” rating to a “sell” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.