Creative Planning lifted its position in shares of United Microelectronics Co. (NYSE:UMC – Get Rating) by 192.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,543 shares of the semiconductor company's stock after purchasing an additional 69,489 shares during the period. Creative Planning's holdings in United Microelectronics were worth $588,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in UMC. JPMorgan Chase & Co. lifted its position in shares of United Microelectronics by 117.3% during the first quarter. JPMorgan Chase & Co. now owns 1,604,207 shares of the semiconductor company's stock valued at $14,631,000 after purchasing an additional 865,977 shares in the last quarter. Raymond James & Associates lifted its position in shares of United Microelectronics by 210.9% during the first quarter. Raymond James & Associates now owns 289,563 shares of the semiconductor company's stock valued at $2,641,000 after purchasing an additional 196,429 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in United Microelectronics by 12.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 56,596 shares of the semiconductor company's stock worth $516,000 after buying an additional 6,274 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in United Microelectronics by 5.7% during the first quarter. PNC Financial Services Group Inc. now owns 41,532 shares of the semiconductor company's stock worth $379,000 after buying an additional 2,233 shares during the last quarter. Finally, Natixis Advisors L.P. increased its holdings in United Microelectronics by 26.4% during the first quarter. Natixis Advisors L.P. now owns 68,427 shares of the semiconductor company's stock worth $624,000 after buying an additional 14,293 shares during the last quarter. 5.35% of the stock is owned by institutional investors.
Get United Microelectronics alerts:Analyst Upgrades and Downgrades
A number of analysts recently issued reports on UMC shares. StockNews.com upgraded shares of United Microelectronics from a "buy" rating to a "strong-buy" rating in a report on Wednesday, January 25th. Bank of America started coverage on shares of United Microelectronics in a report on Monday, January 9th. They set a "buy" rating for the company. Finally, Loop Capital started coverage on shares of United Microelectronics in a report on Monday, January 23rd. They set a "hold" rating for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".
United Microelectronics Price Performance
UMC opened at $8.50 on Thursday. The company has a market capitalization of $21.22 billion, a price-to-earnings ratio of 7.27, a PEG ratio of 4.44 and a beta of 1.28. The company has a quick ratio of 2.19, a current ratio of 2.47 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $7.26 and a 200-day moving average price of $6.76. United Microelectronics Co. has a twelve month low of $5.36 and a twelve month high of $10.26.United Microelectronics (NYSE:UMC – Get Rating) last posted its earnings results on Monday, January 16th. The semiconductor company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). The business had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.11 billion. United Microelectronics had a return on equity of 28.08% and a net margin of 31.24%. Equities analysts expect that United Microelectronics Co. will post 0.76 EPS for the current year.
United Microelectronics Profile
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United Microelectronics Corp. is engaged in the semiconductor foundry business, which offers complementary metal-oxide semiconductor logic wafers, mixed signal wafers, radio frequency complementary metal-oxide semiconductor wafers, embedded memory products, high voltage integrated circuits, and complementary metal-oxide semiconductor image sensors.
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