United Microelectronics (NYSE:UMC) Shares Gap Down – What’s Next?

United Microelectronics Co. (NYSE:UMC) shares gapped down prior to trading on Monday . The stock had previously closed at $6.79, but opened at $6.62. United Microelectronics shares last traded at $6.66, with a volume of 979,409 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UMC. Citigroup lowered shares of United Microelectronics from a “buy” rating to a “sell” rating in a research note on Tuesday, January 21st. StockNews.com lowered shares of United Microelectronics from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, United Microelectronics presently has a consensus rating of “Hold” and an average price target of $7.40.

United Microelectronics Stock Down 2.1 %

The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19. The stock has a market cap of $16.65 billion, a P/E ratio of 11.46, a P/E/G ratio of 4.44 and a beta of 1.20. The stock’s fifty day simple moving average is $6.28 and its 200-day simple moving average is $7.05.

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

Institutional Trading of United Microelectronics

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GTS Securities LLC lifted its holdings in shares of United Microelectronics by 119.0% during the 4th quarter. GTS Securities LLC now owns 97,052 shares of the semiconductor company’s stock worth $630,000 after acquiring an additional 52,732 shares during the period. Vise Technologies Inc. lifted its holdings in shares of United Microelectronics by 83.1% during the 4th quarter. Vise Technologies Inc. now owns 26,989 shares of the semiconductor company’s stock worth $175,000 after acquiring an additional 12,249 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in shares of United Microelectronics during the 4th quarter worth approximately $650,000. Focus Partners Advisor Solutions LLC lifted its holdings in shares of United Microelectronics by 23.1% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 19,157 shares of the semiconductor company’s stock worth $124,000 after acquiring an additional 3,593 shares during the period. Finally, Squarepoint Ops LLC lifted its holdings in shares of United Microelectronics by 9.6% during the 4th quarter. Squarepoint Ops LLC now owns 796,950 shares of the semiconductor company’s stock worth $5,172,000 after acquiring an additional 70,101 shares during the period. Institutional investors own 5.05% of the company’s stock.

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.