Frank Rimerman Advisors LLC Acquires 102,259 Shares of United Microelectronics Corporation $UMC

Frank Rimerman Advisors LLC raised its stake in shares of United Microelectronics Corporation (NYSE:UMC) by 492.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,033 shares of the semiconductor company’s stock after buying an additional 102,259 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in United Microelectronics were worth $967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of UMC. Jones Financial Companies Lllp boosted its position in shares of United Microelectronics by 1,794.6% during the first quarter. Jones Financial Companies Lllp now owns 62,656 shares of the semiconductor company’s stock worth $448,000 after acquiring an additional 59,349 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in United Microelectronics by 10.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,655,721 shares of the semiconductor company’s stock valued at $40,438,000 after acquiring an additional 537,777 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in United Microelectronics by 25.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 29,408 shares of the semiconductor company’s stock worth $225,000 after purchasing an additional 6,028 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in United Microelectronics by 22.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,668,846 shares of the semiconductor company’s stock worth $12,767,000 after purchasing an additional 302,617 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in shares of United Microelectronics during the 2nd quarter valued at about $108,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

United Microelectronics Price Performance

UMC stock opened at $8.96 on Thursday. United Microelectronics Corporation has a 52 week low of $5.71 and a 52 week high of $12.68. The firm has a market capitalization of $22.50 billion, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 4.77 and a beta of 1.16. The company has a fifty day simple moving average of $9.96 and a two-hundred day simple moving average of $8.53. The company has a quick ratio of 1.91, a current ratio of 2.34 and a debt-to-equity ratio of 0.12.

United Microelectronics (NYSE:UMC) last posted its earnings results on Wednesday, January 28th. The semiconductor company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. United Microelectronics had a net margin of 17.60% and a return on equity of 11.45%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the firm posted $0.10 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts anticipate that United Microelectronics Corporation will post 0.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on UMC shares. Wall Street Zen cut United Microelectronics from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. BNP Paribas Exane upgraded United Microelectronics from an “underperform” rating to a “neutral” rating and set a $8.60 price target for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of United Microelectronics in a research note on Thursday, January 29th. Three analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $8.60.

United Microelectronics Profile

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed (NYSE: UMC) and focuses on high-reliability manufacturing rather than branding consumer products.

UMC’s core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.