Hennessy Advisors Inc. Has $114,000 Stock Position in United Microelectronics Corporation $UMC

Hennessy Advisors Inc. lowered its holdings in United Microelectronics Corporation (NYSE:UMC) by 25.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,908 shares of the semiconductor company’s stock after selling 5,190 shares during the quarter. Hennessy Advisors Inc.’s holdings in United Microelectronics were worth $114,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Freedom Investment Management Inc. grew its holdings in United Microelectronics by 7.5% in the 1st quarter. Freedom Investment Management Inc. now owns 24,869 shares of the semiconductor company’s stock valued at $178,000 after buying an additional 1,730 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in United Microelectronics by 8.2% in the 1st quarter. Sivia Capital Partners LLC now owns 23,380 shares of the semiconductor company’s stock valued at $167,000 after buying an additional 1,773 shares during the last quarter. QRG Capital Management Inc. grew its holdings in United Microelectronics by 3.1% in the 1st quarter. QRG Capital Management Inc. now owns 63,408 shares of the semiconductor company’s stock valued at $453,000 after buying an additional 1,891 shares during the last quarter. Canopy Partners LLC lifted its position in shares of United Microelectronics by 8.0% in the 1st quarter. Canopy Partners LLC now owns 26,781 shares of the semiconductor company’s stock worth $191,000 after acquiring an additional 1,977 shares during the period. Finally, Wealthstream Advisors Inc. lifted its position in shares of United Microelectronics by 18.4% in the 1st quarter. Wealthstream Advisors Inc. now owns 16,465 shares of the semiconductor company’s stock worth $118,000 after acquiring an additional 2,555 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Price Performance

Shares of UMC stock opened at $7.24 on Monday. The stock has a 50 day moving average of $6.94 and a two-hundred day moving average of $7.22. The company has a current ratio of 1.77, a quick ratio of 1.46 and a debt-to-equity ratio of 0.12. United Microelectronics Corporation has a 12 month low of $5.61 and a 12 month high of $8.35. The company has a market capitalization of $18.18 billion, a P/E ratio of 14.77, a P/E/G ratio of 4.35 and a beta of 1.24.

United Microelectronics (NYSE:UMC) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $61.88 billion. United Microelectronics had a return on equity of 11.05% and a net margin of 16.71%.During the same quarter last year, the business earned $0.17 EPS. As a group, equities analysts expect that United Microelectronics Corporation will post 0.51 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of United Microelectronics in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.