United Microelectronics Co. (NYSE:UMC) Shares Acquired by Creative Planning

Creative Planning boosted its position in shares of United Microelectronics Co. (NYSE:UMC - Free Report) by 22.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 661,802 shares of the semiconductor company's stock after acquiring an additional 121,919 shares during the period. Creative Planning's holdings in United Microelectronics were worth $5,572,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UMC. GAMMA Investing LLC raised its position in shares of United Microelectronics by 90.7% during the 3rd quarter. GAMMA Investing LLC now owns 6,817 shares of the semiconductor company's stock worth $57,000 after acquiring an additional 3,242 shares in the last quarter. Viking Fund Management LLC purchased a new stake in shares of United Microelectronics during the 3rd quarter worth approximately $84,000. SpiderRock Advisors LLC purchased a new stake in United Microelectronics in the first quarter valued at $86,000. Aprio Wealth Management LLC purchased a new stake in shares of United Microelectronics in the 2nd quarter valued at about $95,000. Finally, Simon Quick Advisors LLC acquired a new stake in shares of United Microelectronics in the second quarter valued at approximately $103,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded United Microelectronics from a "buy" rating to a "neutral" rating and set a $7.40 price target for the company. in a report on Thursday, October 17th.

United Microelectronics Price Performance

Shares of NYSE UMC remained flat at $7.71 during trading on Thursday. 7,793,305 shares of the company's stock traded hands, compared to its average volume of 9,976,605. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.37 and a current ratio of 1.66. United Microelectronics Co. has a 52 week low of $6.96 and a 52 week high of $9.00. The stock has a market cap of $19.31 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 4.15 and a beta of 1.18. The stock has a 50-day moving average price of $8.39 and a two-hundred day moving average price of $8.29.

United Microelectronics (NYSE:UMC - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. United Microelectronics had a net margin of 23.90% and a return on equity of 14.80%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the firm earned $0.20 earnings per share. On average, research analysts forecast that United Microelectronics Co. will post 0.66 earnings per share for the current year.

United Microelectronics Company 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.