Eurizon Capital SGR S.p.A. Purchases Shares of 446,513 United Microelectronics Corporation $UMC

Eurizon Capital SGR S.p.A. acquired a new stake in shares of United Microelectronics Corporation (NYSE:UMC) in the fourth quarter, Holdings Channel reports. The fund acquired 446,513 shares of the semiconductor company’s stock, valued at approximately $3,550,000.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC acquired a new position in shares of United Microelectronics in the 2nd quarter valued at about $27,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in United Microelectronics by 313.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,265 shares of the semiconductor company’s stock worth $32,000 after buying an additional 3,234 shares during the last quarter. TD Private Client Wealth LLC acquired a new position in United Microelectronics in the fourth quarter worth approximately $32,000. Allworth Financial LP raised its stake in United Microelectronics by 20.5% during the fourth quarter. Allworth Financial LP now owns 8,817 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 1,498 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC acquired a new stake in shares of United Microelectronics in the fourth quarter valued at $75,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on UMC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of United Microelectronics in a research report on Tuesday, May 26th. Wall Street Zen lowered United Microelectronics from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, BNP Paribas Exane reiterated an “underperform” rating on shares of United Microelectronics in a research report on Thursday, May 28th. One research analyst has rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Strong Sell” and an average target price of $8.60.

United Microelectronics Trading Up 3.0%

NYSE UMC opened at $22.85 on Tuesday. The stock has a market capitalization of $57.53 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.61 and a beta of 1.61. The stock’s 50 day moving average price is $13.35 and its two-hundred day moving average price is $10.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.23 and a current ratio of 2.72. United Microelectronics Corporation has a 52 week low of $6.56 and a 52 week high of $23.69.

United Microelectronics (NYSE:UMC) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.12 by $0.08. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.92 billion. United Microelectronics had a return on equity of 13.67% and a net margin of 20.71%. As a group, analysts anticipate that United Microelectronics Corporation will post 0.7 earnings per share for the current fiscal year.

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.