United Microelectronics Co. (NYSE:UMC) Shares Sold by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC lessened its stake in shares of United Microelectronics Co. (NYSE:UMC) by 51.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,147 shares of the semiconductor company’s stock after selling 21,550 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in United Microelectronics were worth $127,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Ignite Planners LLC lifted its position 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 acquiring an additional 1,360 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of United Microelectronics by 1.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 103,907 shares of the semiconductor company’s stock worth $875,000 after purchasing an additional 1,701 shares during the last quarter. Aprio Wealth Management LLC boosted its stake in shares of United Microelectronics by 20.3% during the 3rd 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 last quarter. PDS Planning Inc raised its position in shares of United Microelectronics by 4.5% in the third quarter. PDS Planning Inc now owns 54,827 shares of the semiconductor company’s stock valued at $462,000 after buying an additional 2,374 shares during the last quarter. Finally, DGS Capital Management LLC lifted its stake in shares of United Microelectronics by 2.7% during the third quarter. DGS Capital Management LLC now owns 104,271 shares of the semiconductor company’s stock valued at $878,000 after buying an additional 2,712 shares during the period. Hedge funds and other institutional investors own 5.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on UMC. JPMorgan Chase & Co. cut shares of United Microelectronics from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 30th. Morgan Stanley lowered United Microelectronics from an “overweight” rating to an “equal weight” rating in a research note on Monday, October 28th. Citigroup lowered United Microelectronics from a “buy” rating to a “sell” rating in a research note on Tuesday, January 21st. StockNews.com downgraded shares of United Microelectronics from a “buy” rating to a “hold” rating in a research note 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 research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $7.40.

United Microelectronics Price Performance

Shares of United Microelectronics stock opened at $5.73 on Thursday. The business’s fifty day moving average price is $6.47 and its 200 day moving average price is $7.49. United Microelectronics Co. has a twelve month low of $5.61 and a twelve month high of $9.00. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $14.35 billion, a P/E ratio of 9.88, a PEG ratio of 3.88 and a beta of 1.17.

United Microelectronics (NYSE:UMC) last released its quarterly earnings data 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). 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 analyst estimates of $1.86 billion. During the same period in the prior year, the firm earned $5.30 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, research analysts anticipate that United Microelectronics Co. will post 0.51 earnings per share 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.