United Microelectronics Co. (NYSE:UMC) Stock Holdings Raised by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC lifted its stake in shares of United Microelectronics Co. (NYSE:UMC) by 14.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 41,697 shares of the semiconductor company’s stock after buying an additional 5,228 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in United Microelectronics were worth $336,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its holdings in United Microelectronics by 1.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 102,206 shares of the semiconductor company’s stock worth $895,000 after buying an additional 1,333 shares during the last quarter. Ignite Planners LLC increased its stake in United Microelectronics by 1.5% during the third quarter. Ignite Planners LLC now owns 90,303 shares of the semiconductor company’s stock valued at $760,000 after purchasing an additional 1,360 shares during the last quarter. Inspire Advisors LLC raised its holdings in shares of United Microelectronics by 9.1% during the first quarter. Inspire Advisors LLC now owns 19,351 shares of the semiconductor company’s stock worth $157,000 after purchasing an additional 1,609 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of United Microelectronics by 2.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 71,459 shares of the semiconductor company’s stock worth $626,000 after buying an additional 1,756 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its holdings in shares of United Microelectronics by 13.3% in the 2nd quarter. Hennessy Advisors Inc. now owns 15,627 shares of the semiconductor company’s stock valued at $137,000 after buying an additional 1,836 shares during the period. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of United Microelectronics from a “neutral” rating to a “buy” rating in a report on Thursday, August 1st.

United Microelectronics Price Performance

Shares of NYSE UMC opened at $7.98 on Thursday. United Microelectronics Co. has a 1-year low of $6.96 and a 1-year high of $9.00. The firm has a market capitalization of $20.00 billion, a PE ratio of 11.91, a P/E/G ratio of 4.35 and a beta of 1.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.66 and a quick ratio of 1.37. The business’s fifty day moving average price is $8.49 and its two-hundred day moving average price is $8.30.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. United Microelectronics had a net margin of 23.90% and a return on equity of 14.80%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm posted $0.20 EPS. On average, research analysts expect that United Microelectronics Co. will post 0.66 EPS for the current 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.