Atria Investments Inc Has $87,000 Stock Holdings in United Microelectronics Co. (NYSE:UMC)

Atria Investments Inc trimmed its holdings in United Microelectronics Co. (NYSE:UMC) by 21.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,418 shares of the semiconductor company’s stock after selling 3,559 shares during the period. Atria Investments Inc’s holdings in United Microelectronics were worth $87,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in UMC. Victory Capital Management Inc. boosted its position in shares of United Microelectronics by 96.0% during the third quarter. Victory Capital Management Inc. now owns 149,457 shares of the semiconductor company’s stock valued at $1,258,000 after buying an additional 73,202 shares during the last quarter. Natixis Advisors LLC boosted its holdings in United Microelectronics by 12.8% during the 3rd quarter. Natixis Advisors LLC now owns 181,884 shares of the semiconductor company’s stock worth $1,531,000 after acquiring an additional 20,656 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of United Microelectronics in the 3rd quarter worth $333,000. Advisors Asset Management Inc. raised its holdings in shares of United Microelectronics by 60.0% in the third quarter. Advisors Asset Management Inc. now owns 169,462 shares of the semiconductor company’s stock valued at $1,427,000 after purchasing an additional 63,528 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of United Microelectronics by 90.5% in the third quarter. Cerity Partners LLC now owns 237,027 shares of the semiconductor company’s stock valued at $1,996,000 after purchasing an additional 112,624 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

United Microelectronics Stock Performance

Shares of United Microelectronics stock opened at $6.87 on Thursday. The business’s fifty day simple moving average is $6.30 and its 200 day simple moving average is $7.02. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. United Microelectronics Co. has a 12 month low of $5.61 and a 12 month high of $9.00. The firm has a market capitalization of $17.20 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 4.44 and a beta of 1.20.

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

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.