May Hill Capital LLC Invests $95,000 in United Microelectronics Corporation $UMC

May Hill Capital LLC bought a new position in United Microelectronics Corporation (NYSE:UMC) during the second quarter, HoldingsChannel.com reports. The fund bought 12,460 shares of the semiconductor company’s stock, valued at approximately $95,000.

Other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in shares of United Microelectronics in the first quarter worth $29,000. Valeo Financial Advisors LLC purchased a new stake in shares of United Microelectronics in the second quarter worth $82,000. Choreo LLC purchased a new stake in shares of United Microelectronics in the first quarter worth $80,000. Viking Fund Management LLC purchased a new stake in shares of United Microelectronics in the second quarter worth $92,000. Finally, GAMMA Investing LLC grew its stake in shares of United Microelectronics by 262.9% in the first quarter. GAMMA Investing LLC now owns 12,108 shares of the semiconductor company’s stock worth $87,000 after acquiring an additional 8,772 shares during the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of United Microelectronics in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

United Microelectronics Trading Up 0.9%

Shares of NYSE:UMC opened at $7.64 on Wednesday. The company has a market cap of $19.18 billion, a P/E ratio of 15.58, a PEG ratio of 4.65 and a beta of 1.24. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.77 and a quick ratio of 1.46. United Microelectronics Corporation has a 1 year low of $5.61 and a 1 year high of $8.33. The stock’s fifty day moving average price is $7.15 and its 200-day moving average price is $7.33.

United Microelectronics (NYSE:UMC) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $61.88 billion. United Microelectronics had a net margin of 16.71% and a return on equity of 11.05%. During the same period in the previous year, the company earned $0.17 earnings per share. Sell-side analysts expect that United Microelectronics Corporation will post 0.51 earnings per share 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.