Ridgewood Investments LLC Takes Position in United Microelectronics Corporation $UMC

Ridgewood Investments LLC purchased a new position in United Microelectronics Corporation (NYSE:UMC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 54,667 shares of the semiconductor company’s stock, valued at approximately $414,000.

Several other institutional investors have also bought and sold shares of UMC. Jones Financial Companies Lllp increased its position in United Microelectronics by 1,794.6% in the first quarter. Jones Financial Companies Lllp now owns 62,656 shares of the semiconductor company’s stock worth $448,000 after buying 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 worth $40,438,000 after acquiring an additional 537,777 shares during the last quarter. Sivia Capital Partners LLC raised 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 valued at $225,000 after acquiring an additional 6,028 shares during the period. Ballentine Partners LLC lifted its holdings in United Microelectronics by 16.1% during the second quarter. Ballentine Partners LLC now owns 183,254 shares of the semiconductor company’s stock valued at $1,402,000 after purchasing an additional 25,431 shares during the last quarter. Finally, Signaturefd LLC boosted its position in United Microelectronics by 6.3% during the second quarter. Signaturefd LLC now owns 232,860 shares of the semiconductor company’s stock worth $1,781,000 after purchasing an additional 13,870 shares during the period. Hedge funds and other institutional investors own 5.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wall Street Zen cut shares of United Microelectronics from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Weiss Ratings restated a “hold (c-)” rating on shares of United Microelectronics in a research report on Wednesday, October 8th. Finally, Bank of America cut United Microelectronics from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, United Microelectronics presently has a consensus rating of “Hold”.

United Microelectronics Stock Performance

NYSE UMC opened at $10.53 on Friday. The company’s 50 day simple moving average is $8.20 and its two-hundred day simple moving average is $7.54. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.34 and a quick ratio of 1.92. United Microelectronics Corporation has a 1 year low of $5.61 and a 1 year high of $11.20. The stock has a market capitalization of $26.44 billion, a PE ratio of 20.64, a P/E/G ratio of 5.79 and a beta of 1.08.

United Microelectronics (NYSE:UMC) last released its quarterly earnings results on Wednesday, October 29th. The semiconductor company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. United Microelectronics had a net margin of 17.08% and a return on equity of 11.18%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $58.25 billion. During the same period in the previous year, the business earned $0.18 EPS. Analysts predict that United Microelectronics Corporation will post 0.51 earnings per share for the current fiscal year.

United Microelectronics Company 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.