Lindbrook Capital LLC Grows Holdings in United Microelectronics Co. (NYSE:UMC)

Lindbrook Capital LLC grew its position in shares of United Microelectronics Co. (NYSE:UMC) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,445 shares of the semiconductor company’s stock after buying an additional 3,612 shares during the quarter. Lindbrook Capital LLC’s holdings in United Microelectronics were worth $283,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in United Microelectronics by 19.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 9,151 shares of the semiconductor company’s stock worth $65,000 after buying an additional 1,514 shares during the last quarter. Optas LLC purchased a new position in United Microelectronics during the 4th quarter worth $89,000. Coldstream Capital Management Inc. purchased a new position in United Microelectronics during the 3rd quarter worth $76,000. Cherrydale Wealth Management LLC purchased a new position in United Microelectronics during the 4th quarter worth $93,000. Finally, Enterprise Financial Services Corp purchased a new position in United Microelectronics during the 3rd quarter worth $78,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. HSBC upgraded shares of United Microelectronics from a “reduce” rating to a “hold” rating in a research report on Thursday, January 25th. The Goldman Sachs Group downgraded shares of United Microelectronics from a “buy” rating to a “neutral” rating and set a $8.90 price target for the company. in a report on Tuesday, January 16th.

United Microelectronics Price Performance

Shares of NYSE UMC opened at $7.48 on Tuesday. The stock has a market cap of $18.71 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 1.99 and a beta of 1.21. United Microelectronics Co. has a 52 week low of $6.71 and a 52 week high of $8.97. The company’s 50-day moving average price is $7.94 and its 200 day moving average price is $7.83. The company has a current ratio of 2.19, a quick ratio of 1.83 and a debt-to-equity ratio of 0.13.

United Microelectronics (NYSE:UMC) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. United Microelectronics had a net margin of 27.41% and a return on equity of 17.43%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period last year, the company earned $0.25 EPS. As a group, research analysts forecast that United Microelectronics Co. will post 0.63 earnings per share for the current fiscal year.

About United Microelectronics

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.