446,513 Shares in United Microelectronics Corporation $UMC Acquired by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. acquired a new stake in United Microelectronics Corporation (NYSE:UMC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 446,513 shares of the semiconductor company’s stock, valued at approximately $3,550,000.

Several other large investors have also modified their holdings of UMC. Smartleaf Asset Management LLC acquired a new stake in United Microelectronics during the 2nd quarter worth $27,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of United Microelectronics by 313.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,265 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 3,234 shares during the period. TD Private Client Wealth LLC acquired a new stake in shares of United Microelectronics in the 4th quarter worth $32,000. Allworth Financial LP lifted its stake in shares of United Microelectronics by 20.5% in the fourth quarter. Allworth Financial LP now owns 8,817 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 1,498 shares during the period. Finally, Cary Street Partners Investment Advisory LLC acquired a new stake in shares of United Microelectronics in the fourth quarter valued at about $75,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on UMC. Weiss Ratings reiterated a “hold (c)” rating on shares of United Microelectronics in a research note on Tuesday, May 26th. BNP Paribas Exane reiterated an “underperform” rating on shares of United Microelectronics in a report on Thursday, May 28th. Finally, Wall Street Zen downgraded shares of United Microelectronics from a “buy” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average 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 company’s fifty day simple moving average is $13.35 and its 200-day simple moving average is $10.53. United Microelectronics Corporation has a 52 week low of $6.56 and a 52 week high of $23.69. The company has a current ratio of 2.72, a quick ratio of 2.23 and a debt-to-equity ratio of 0.12. The stock has a market cap of $57.53 billion, a P/E ratio of 35.15, a PEG ratio of 2.61 and a beta of 1.61.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.92 billion. United Microelectronics had a net margin of 20.71% and a return on equity of 13.67%. Equities research analysts predict that United Microelectronics Corporation will post 0.7 EPS for the current fiscal year.

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.