United Microelectronics Co. (NYSE:UMC) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC trimmed its holdings in shares of United Microelectronics Co. (NYSE:UMC) by 39.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,021 shares of the semiconductor company’s stock after selling 13,730 shares during the period. Schechter Investment Advisors LLC’s holdings in United Microelectronics were worth $136,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Assetmark Inc. acquired a new stake in shares of United Microelectronics during the third quarter worth $37,000. Savant Capital LLC acquired a new stake in shares of United Microelectronics during the fourth quarter worth $66,000. SBI Securities Co. Ltd. acquired a new stake in shares of United Microelectronics during the fourth quarter worth $73,000. MML Investors Services LLC acquired a new stake in shares of United Microelectronics during the third quarter worth $86,000. Finally, Synovus Financial Corp acquired a new stake in shares of United Microelectronics during the third quarter worth $89,000. 5.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup cut shares of United Microelectronics from a “buy” rating to a “sell” rating in a report on Tuesday, January 21st. StockNews.com cut shares of United Microelectronics from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.40.

United Microelectronics Stock Down 2.1 %

UMC stock opened at $6.66 on Friday. 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 fifty-two week low of $5.61 and a fifty-two week high of $9.00. The firm’s 50-day simple moving average is $6.26 and its 200 day simple moving average is $7.16. The stock has a market cap of $16.68 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 4.44 and a beta of 1.20.

United Microelectronics (NYSE:UMC) last announced its earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.30 EPS. As a group, sell-side analysts predict that United Microelectronics Co. will post 0.51 EPS for the current 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.