Frank Rimerman Advisors LLC Buys 102,259 Shares of United Microelectronics Corporation $UMC

Frank Rimerman Advisors LLC increased its stake in shares of United Microelectronics Corporation (NYSE:UMC) by 492.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 123,033 shares of the semiconductor company’s stock after purchasing an additional 102,259 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in United Microelectronics were worth $967,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of UMC. Smartleaf Asset Management LLC purchased a new stake in United Microelectronics during the 2nd quarter valued at $27,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in United Microelectronics by 313.7% during 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 period. MGO One Seven LLC bought a new position in United Microelectronics during the third quarter valued at $77,000. Euro Pacific Asset Management LLC purchased a new stake in shares of United Microelectronics in the third quarter valued at $80,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of United Microelectronics in the second quarter valued at $82,000. Institutional investors own 5.05% of the company’s stock.

United Microelectronics Stock Performance

UMC stock opened at $8.96 on Thursday. United Microelectronics Corporation has a twelve month low of $5.71 and a twelve month high of $12.68. The firm has a market cap of $22.50 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 4.77 and a beta of 1.16. The business’s fifty day simple moving average is $9.96 and its two-hundred day simple moving average is $8.53. The company has a quick ratio of 1.91, a current ratio of 2.34 and a debt-to-equity ratio of 0.12.

United Microelectronics (NYSE:UMC) last issued its earnings results on Wednesday, January 28th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.93 billion. United Microelectronics had a net margin of 17.60% and a return on equity of 11.45%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 earnings per share. Analysts predict that United Microelectronics Corporation will post 0.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UMC. Wall Street Zen cut shares of United Microelectronics from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of United Microelectronics in a research report on Thursday, January 29th. Finally, BNP Paribas Exane raised shares of United Microelectronics from an “underperform” rating to a “neutral” rating and set a $8.60 price objective for the company in a research note on Tuesday. Three investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $8.60.

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.