Freedom Investment Management Inc. Sells 1,493 Shares of United Microelectronics Corporation $UMC

Freedom Investment Management Inc. reduced its stake in shares of United Microelectronics Corporation (NYSE:UMC) by 6.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,376 shares of the semiconductor company’s stock after selling 1,493 shares during the period. Freedom Investment Management Inc.’s holdings in United Microelectronics were worth $179,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of UMC. Golden State Wealth Management LLC bought a new position in United Microelectronics in the 1st quarter worth approximately $29,000. Callan Family Office LLC boosted its holdings in United Microelectronics by 406.8% in the 2nd quarter. Callan Family Office LLC now owns 54,754 shares of the semiconductor company’s stock worth $419,000 after buying an additional 43,950 shares during the period. GAMMA Investing LLC boosted its holdings in United Microelectronics by 262.9% in the 1st quarter. GAMMA Investing LLC now owns 12,108 shares of the semiconductor company’s stock worth $87,000 after buying an additional 8,772 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in United Microelectronics by 31.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 365,708 shares of the semiconductor company’s stock worth $2,798,000 after buying an additional 88,237 shares during the period. Finally, Cerity Partners LLC boosted its holdings in United Microelectronics by 89.5% in the 1st quarter. Cerity Partners LLC now owns 324,207 shares of the semiconductor company’s stock worth $2,318,000 after buying an additional 153,123 shares during the period. 5.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of United Microelectronics in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

United Microelectronics Stock Performance

United Microelectronics stock opened at $7.57 on Tuesday. The firm’s fifty day moving average price is $7.13 and its 200-day moving average price is $7.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.46 and a current ratio of 1.77. The stock has a market cap of $19.02 billion, a P/E ratio of 15.46, a price-to-earnings-growth ratio of 4.53 and a beta of 1.24. United Microelectronics Corporation has a fifty-two week low of $5.61 and a fifty-two week high of $8.33.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings data 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 analysts’ expectations of $61.88 billion. United Microelectronics had a net margin of 16.71% and a return on equity of 11.05%. During the same quarter last year, the business posted $0.17 EPS. On average, equities research analysts expect that United Microelectronics Corporation will post 0.51 earnings per share for the current fiscal 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.