United Microelectronics Co. (NYSE:UMC) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC lowered its stake in United Microelectronics Co. (NYSE:UMC - Free Report) by 12.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 616,775 shares of the semiconductor company's stock after selling 85,025 shares during the quarter. 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.

Several other institutional investors have also recently made changes to their positions in the stock. Assetmark Inc. bought a new stake in United Microelectronics during the 3rd quarter valued at approximately $37,000. Savant Capital LLC bought a new stake in United Microelectronics in the 4th quarter worth approximately $66,000. Verdence Capital Advisors LLC bought a new stake in United Microelectronics in the 4th quarter worth approximately $69,000. Callan Family Office LLC bought a new stake in United Microelectronics in the 4th quarter worth approximately $70,000. Finally, SBI Securities Co. Ltd. bought a new stake in United Microelectronics in the 4th quarter worth approximately $73,000. Institutional investors own 5.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup lowered United Microelectronics from a "buy" rating to a "sell" rating in a research report on Tuesday, January 21st. StockNews.com cut United Microelectronics from a "buy" rating to a "hold" rating in a research note on Sunday, November 17th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, United Microelectronics has a consensus rating of "Hold" and a consensus price target of $7.40.

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United Microelectronics Price Performance

Shares of NYSE UMC traded down $0.04 during midday trading on Wednesday, hitting $6.64. The stock had a trading volume of 7,646,137 shares, compared to its average volume of 11,402,055. The company has a market capitalization of $16.63 billion, a PE ratio of 11.44, a P/E/G ratio of 4.44 and a beta of 1.20. The stock has a 50 day simple moving average of $6.27 and a 200-day simple moving average of $7.09. United Microelectronics Co. has a 1 year low of $5.61 and a 1 year high of $9.00. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16.

United Microelectronics (NYSE:UMC - Get Free Report) last posted its earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 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 business 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 firm earned $5.30 EPS. United Microelectronics's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, sell-side analysts expect that United Microelectronics Co. will post 0.51 EPS for the current fiscal year.

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.