PDS Planning Inc Acquires 2,387 Shares of United Microelectronics Corporation $UMC

PDS Planning Inc raised its position in United Microelectronics Corporation (NYSE:UMC) by 3.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 70,758 shares of the semiconductor company’s stock after acquiring an additional 2,387 shares during the period. PDS Planning Inc’s holdings in United Microelectronics were worth $541,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in United Microelectronics in the 1st quarter valued at approximately $29,000. Farther Finance Advisors LLC lifted its stake in United Microelectronics by 134.8% in the 1st quarter. Farther Finance Advisors LLC now owns 4,980 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 2,859 shares in the last quarter. Choreo LLC bought a new stake in United Microelectronics in the 1st quarter valued at approximately $80,000. Valeo Financial Advisors LLC bought a new stake in United Microelectronics in the 2nd quarter valued at approximately $82,000. Finally, GAMMA Investing LLC lifted its stake in United Microelectronics by 262.9% in the 1st quarter. GAMMA Investing LLC now owns 12,108 shares of the semiconductor company’s stock valued at $87,000 after acquiring an additional 8,772 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

United Microelectronics Stock Down 3.8%

NYSE:UMC opened at $7.20 on Friday. The firm has a market capitalization of $18.08 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 4.31 and a beta of 1.24. United Microelectronics Corporation has a twelve month low of $5.61 and a twelve month high of $8.33. The stock’s 50 day moving average price is $6.98 and its two-hundred day moving average price is $7.24. The company has a quick ratio of 1.46, a current ratio of 1.77 and a debt-to-equity ratio of 0.12.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $61.88 billion. United Microelectronics had a return on equity of 11.05% and a net margin of 16.71%.During the same period last year, the firm earned $0.17 EPS. Equities research analysts expect that United Microelectronics Corporation will post 0.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of United Microelectronics in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.