United Microelectronics Co. (NYSE:UMC) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC trimmed its holdings in shares of United Microelectronics Co. (NYSE:UMC) by 4.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,345 shares of the semiconductor company’s stock after selling 4,562 shares during the period. Sequoia Financial Advisors LLC’s holdings in United Microelectronics were worth $645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in UMC. Assetmark Inc. purchased a new stake in United Microelectronics during the third quarter worth approximately $37,000. Savant Capital LLC purchased a new stake in shares of United Microelectronics during the 4th quarter worth approximately $66,000. Verdence Capital Advisors LLC acquired a new position in shares of United Microelectronics in the 4th quarter valued at $69,000. Callan Family Office LLC purchased a new position in shares of United Microelectronics in the 4th quarter valued at $70,000. Finally, SBI Securities Co. Ltd. acquired a new stake in United Microelectronics during the 4th quarter worth $73,000. 5.05% of the stock is owned by institutional investors and hedge funds.

United Microelectronics Stock Down 1.4 %

UMC stock opened at $6.70 on Tuesday. The company has a market cap of $16.78 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 4.44 and a beta of 1.20. The company has a fifty day moving average price of $6.28 and a 200 day moving average price of $7.04. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. United Microelectronics Co. has a 12 month low of $5.61 and a 12 month high of $9.00.

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

Wall Street Analyst Weigh In

Separately, Citigroup lowered United Microelectronics from a “buy” rating to a “sell” rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.