United Microelectronics Co. (NYSE:UMC) Shares Sold by Atomi Financial Group Inc.

Atomi Financial Group Inc. decreased its position in shares of United Microelectronics Co. (NYSE:UMC) by 47.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 19,553 shares of the semiconductor company’s stock after selling 17,722 shares during the quarter. Atomi Financial Group Inc.’s holdings in United Microelectronics were worth $127,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Ignite Planners LLC grew its position in United Microelectronics by 1.5% in the 3rd quarter. Ignite Planners LLC now owns 90,303 shares of the semiconductor company’s stock worth $760,000 after purchasing an additional 1,360 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in United Microelectronics by 1.7% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 103,907 shares of the semiconductor company’s stock worth $875,000 after buying an additional 1,701 shares in the last quarter. Aprio Wealth Management LLC increased its position in United Microelectronics by 20.3% in the 3rd quarter. Aprio Wealth Management LLC now owns 13,026 shares of the semiconductor company’s stock valued at $110,000 after acquiring an additional 2,198 shares during the period. PDS Planning Inc increased its position in United Microelectronics by 4.5% in the 3rd quarter. PDS Planning Inc now owns 54,827 shares of the semiconductor company’s stock valued at $462,000 after acquiring an additional 2,374 shares during the period. Finally, 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 valued at $878,000 after acquiring an additional 2,712 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. StockNews.com lowered United Microelectronics from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Morgan Stanley cut shares of United Microelectronics from an “overweight” rating to an “equal weight” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. cut 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, The Goldman Sachs Group lowered United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 price target for the company. in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, United Microelectronics has an average rating of “Hold” and an average target price of $7.40.

United Microelectronics Price Performance

Shares of NYSE UMC opened at $5.69 on Tuesday. United Microelectronics Co. has a twelve month low of $5.63 and a twelve month high of $9.00. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $6.52 and a two-hundred day moving average of $7.53. The company has a market capitalization of $14.25 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 3.88 and a beta of 1.17.

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