Crossmark Global Holdings Inc. Lowers Holdings in United Microelectronics Co. (NYSE:UMC)

Crossmark Global Holdings Inc. lowered its holdings in United Microelectronics Co. (NYSE:UMC) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,163,019 shares of the semiconductor company’s stock after selling 30,997 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in United Microelectronics were worth $7,548,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Ignite Planners LLC grew its stake in shares of United Microelectronics by 1.5% in the third quarter. Ignite Planners LLC now owns 90,303 shares of the semiconductor company’s stock valued at $760,000 after buying an additional 1,360 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in United Microelectronics by 1.7% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 103,907 shares of the semiconductor company’s stock valued at $875,000 after acquiring an additional 1,701 shares in the last quarter. Aprio Wealth Management LLC increased its stake in United Microelectronics by 20.3% during the third quarter. Aprio Wealth Management LLC now owns 13,026 shares of the semiconductor company’s stock worth $110,000 after purchasing an additional 2,198 shares during the period. PDS Planning Inc lifted its position in shares of United Microelectronics by 4.5% during the third quarter. PDS Planning Inc now owns 54,827 shares of the semiconductor company’s stock worth $462,000 after purchasing an additional 2,374 shares in the last quarter. Finally, DGS Capital Management LLC grew its holdings 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 valued at $878,000 after purchasing an additional 2,712 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Stock Performance

NYSE:UMC opened at $6.03 on Wednesday. United Microelectronics Co. has a 12 month low of $5.88 and a 12 month 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 firm has a market capitalization of $15.10 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 3.06 and a beta of 1.17. The business’s fifty day moving average price is $6.61 and its 200 day moving average price is $7.60.

United Microelectronics (NYSE:UMC) last released 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). The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. United Microelectronics had a net margin of 22.89% and a return on equity of 14.35%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.30 EPS. On average, sell-side analysts anticipate that United Microelectronics Co. will post 0.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on UMC. JPMorgan Chase & Co. lowered shares of United Microelectronics from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 30th. Citigroup lowered United Microelectronics from a “buy” rating to a “sell” rating in a report on Tuesday. Morgan Stanley downgraded United Microelectronics from an “overweight” rating to an “equal weight” rating in a report on Monday, October 28th. StockNews.com downgraded United Microelectronics from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Finally, The Goldman Sachs Group cut shares of United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 target price on the stock. in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, United Microelectronics presently has a consensus rating of “Hold” and a consensus target price of $7.40.

United Microelectronics Company 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.