Wealthstream Advisors Inc. Sells 2,882 Shares of United Microelectronics Co. (NYSE:UMC)

Wealthstream Advisors Inc. cut its stake in United Microelectronics Co. (NYSE:UMC) by 17.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,910 shares of the semiconductor company’s stock after selling 2,882 shares during the period. Wealthstream Advisors Inc.’s holdings in United Microelectronics were worth $90,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PDS Planning Inc boosted its holdings in shares of United Microelectronics by 4.5% during the 3rd quarter. PDS Planning Inc now owns 54,827 shares of the semiconductor company’s stock worth $462,000 after buying an additional 2,374 shares in the last quarter. Banque Pictet & Cie SA increased its position in United Microelectronics by 3.5% in the 4th quarter. Banque Pictet & Cie SA now owns 74,509 shares of the semiconductor company’s stock valued at $484,000 after buying an additional 2,500 shares in the last quarter. DGS Capital Management LLC raised its stake in United Microelectronics by 2.7% during the 3rd quarter. DGS Capital Management LLC now owns 104,271 shares of the semiconductor company’s stock worth $878,000 after buying an additional 2,712 shares during the period. Caprock Group LLC boosted its holdings in United Microelectronics by 2.4% in the fourth quarter. Caprock Group LLC now owns 129,033 shares of the semiconductor company’s stock worth $837,000 after acquiring an additional 3,013 shares in the last quarter. Finally, Assetmark Inc. acquired a new stake in United Microelectronics in the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

Wall Street Analysts Forecast Growth

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

United Microelectronics Stock Down 1.1 %

UMC stock opened at $6.48 on Monday. The firm has a market capitalization of $16.23 billion, a PE ratio of 11.16, a P/E/G ratio of 4.44 and a beta of 1.15. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16. United Microelectronics Co. has a twelve month low of $5.61 and a twelve month high of $9.00. The stock’s 50 day moving average is $6.27 and its 200-day moving average is $7.28.

United Microelectronics (NYSE:UMC) last issued 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 company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the business posted $5.30 earnings per share. United Microelectronics’s revenue was up 4.9% on a year-over-year basis. Sell-side analysts expect that United Microelectronics Co. will post 0.51 EPS for the current fiscal year.

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.