Moran Wealth Management LLC Sells 85,025 Shares of United Microelectronics Co. (NYSE:UMC)

Moran Wealth Management LLC cut its position in shares of United Microelectronics Co. (NYSE:UMC) by 12.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 616,775 shares of the semiconductor company’s stock after selling 85,025 shares during the period. Moran Wealth Management LLC’s holdings in United Microelectronics were worth $4,003,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in United Microelectronics by 6.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 83,851 shares of the semiconductor company’s stock valued at $544,000 after purchasing an additional 5,377 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in United Microelectronics during the 4th quarter valued at $1,108,000. Ashton Thomas Private Wealth LLC bought a new stake in United Microelectronics during the 4th quarter valued at $219,000. Callan Family Office LLC bought a new stake in United Microelectronics during the 4th quarter valued at $70,000. Finally, Raymond James Financial Inc. bought a new stake in United Microelectronics during the 4th quarter valued at $183,000. 5.05% of the stock is owned by institutional investors.

United Microelectronics Trading Up 0.5 %

Shares of NYSE:UMC opened at $6.79 on Tuesday. United Microelectronics Co. has a 12-month low of $5.61 and a 12-month high of $9.00. The business’s fifty day simple moving average is $6.27 and its 200-day simple moving average is $7.11. The company has a market capitalization of $17.00 billion, a PE ratio of 11.70, a P/E/G ratio of 4.44 and a beta of 1.20. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16.

United Microelectronics (NYSE:UMC) last announced its quarterly earnings results 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). United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the business posted $5.30 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts predict that United Microelectronics Co. will post 0.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com lowered United Microelectronics from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Citigroup downgraded United Microelectronics from a “buy” rating to a “sell” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.40.

United Microelectronics 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.