United Microelectronics Co. (NYSE:UMC) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its position in United Microelectronics Co. (NYSE:UMC) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,345 shares of the semiconductor company’s stock after selling 4,562 shares during the period. Sequoia Financial Advisors LLC’s holdings in United Microelectronics were worth $645,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Two Sigma Advisers LP lifted its holdings in shares of United Microelectronics by 314.1% in the 3rd quarter. Two Sigma Advisers LP now owns 1,279,600 shares of the semiconductor company’s stock valued at $10,774,000 after buying an additional 970,600 shares during the period. Allspring Global Investments Holdings LLC raised its position in United Microelectronics by 178.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 383,842 shares of the semiconductor company’s stock worth $2,506,000 after acquiring an additional 246,034 shares in the last quarter. Barclays PLC lifted its holdings in United Microelectronics by 8.1% in the third quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company’s stock valued at $26,995,000 after acquiring an additional 240,380 shares during the period. Fisher Asset Management LLC boosted its position in shares of United Microelectronics by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 7,300,362 shares of the semiconductor company’s stock worth $47,379,000 after purchasing an additional 237,024 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of United Microelectronics during the 3rd quarter worth $1,915,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded shares of United Microelectronics from a “buy” rating to a “sell” rating in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $7.40.

United Microelectronics Stock Down 1.4 %

UMC stock opened at $6.70 on Tuesday. United Microelectronics Co. has a one year low of $5.61 and a one year high of $9.00. The stock has a market capitalization of $16.78 billion, a P/E ratio of 11.54, a PEG ratio of 4.44 and a beta of 1.20. The company has a 50 day moving average price of $6.28 and a two-hundred day moving average price of $7.04. 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 announced 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). The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.30 earnings per share. As a group, sell-side analysts expect 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.