Signaturefd LLC Has $1.40 Million Stake in United Microelectronics Co. (NYSE:UMC)

Signaturefd LLC decreased its holdings in shares of United Microelectronics Co. (NYSE:UMC) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 214,945 shares of the semiconductor company’s stock after selling 11,758 shares during the quarter. Signaturefd LLC’s holdings in United Microelectronics were worth $1,395,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. acquired a new position in shares of United Microelectronics in the third quarter valued at approximately $37,000. Savant Capital LLC acquired a new position in shares of United Microelectronics in the fourth quarter valued at approximately $66,000. MML Investors Services LLC acquired a new stake in United Microelectronics during the 3rd quarter valued at approximately $86,000. Synovus Financial Corp acquired a new stake in United Microelectronics during the 3rd quarter valued at approximately $89,000. Finally, Verdence Capital Advisors LLC acquired a new stake in United Microelectronics during the 4th quarter valued at approximately $69,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Price Performance

United Microelectronics stock opened at $6.83 on Wednesday. The stock has a market capitalization of $17.10 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 4.44 and a beta of 1.20. United Microelectronics Co. has a 52-week low of $5.61 and a 52-week high of $9.00. The stock’s 50 day moving average price is $6.29 and its two-hundred day moving average price is $7.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19.

United Microelectronics (NYSE:UMC) last posted its quarterly 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 business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. United Microelectronics’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.30 earnings per share. On average, equities analysts predict that United Microelectronics Co. will post 0.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded shares of United Microelectronics from a “buy” rating to a “sell” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.