Aprio Wealth Management LLC Boosts Stock Position in United Microelectronics Co. (NYSE:UMC)

Aprio Wealth Management LLC boosted its stake in shares of United Microelectronics Co. (NYSE:UMC) by 20.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,026 shares of the semiconductor company’s stock after buying an additional 2,198 shares during the period. Aprio Wealth Management LLC’s holdings in United Microelectronics were worth $110,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Ignite Planners LLC lifted its stake in United Microelectronics by 1.5% during the 3rd quarter. Ignite Planners LLC now owns 90,303 shares of the semiconductor company’s stock valued at $760,000 after acquiring an additional 1,360 shares during the period. GAMMA Investing LLC lifted its holdings in United Microelectronics by 90.7% during the third quarter. GAMMA Investing LLC now owns 6,817 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 3,242 shares in the last quarter. Creative Planning raised its position in shares of United Microelectronics by 26.5% during the 2nd quarter. Creative Planning now owns 539,883 shares of the semiconductor company’s stock valued at $4,729,000 after purchasing an additional 113,130 shares during the period. Marshall Wace LLP lifted its stake in shares of United Microelectronics by 682.1% during the 2nd quarter. Marshall Wace LLP now owns 5,248,227 shares of the semiconductor company’s stock valued at $45,974,000 after buying an additional 4,577,177 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in United Microelectronics by 19.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 21,164 shares of the semiconductor company’s stock worth $177,000 after buying an additional 3,515 shares during the period. Hedge funds and other institutional investors own 5.05% of the company’s stock.

Analyst Upgrades and Downgrades

UMC has been the topic of several research analyst reports. StockNews.com upgraded United Microelectronics from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. The Goldman Sachs Group raised United Microelectronics from a “neutral” rating to a “buy” rating in a report on Thursday, August 1st.

United Microelectronics Stock Performance

UMC opened at $8.17 on Wednesday. The stock has a market capitalization of $20.47 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 4.44 and a beta of 1.18. United Microelectronics Co. has a fifty-two week low of $6.96 and a fifty-two week high of $9.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.37 and a current ratio of 1.66. The company has a fifty day moving average of $8.47 and a 200 day moving average of $8.31.

United Microelectronics (NYSE:UMC) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. United Microelectronics had a return on equity of 14.80% and a net margin of 23.90%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the firm posted $0.20 earnings per share. As a group, sell-side analysts forecast that United Microelectronics Co. will post 0.66 earnings per share for the current fiscal year.

United Microelectronics Profile

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, 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.