Virtu Financial LLC Acquires Shares of 160,338 United Microelectronics Co. (NYSE:UMC)

Virtu Financial LLC acquired a new stake in shares of United Microelectronics Co. (NYSE:UMC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 160,338 shares of the semiconductor company’s stock, valued at approximately $1,041,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Savant Capital LLC purchased a new position in United Microelectronics during the fourth quarter valued at $66,000. Verdence Capital Advisors LLC purchased a new position in shares of United Microelectronics in the fourth quarter worth about $69,000. Callan Family Office LLC purchased a new position in shares of United Microelectronics in the fourth quarter worth about $70,000. SBI Securities Co. Ltd. purchased a new position in shares of United Microelectronics in the fourth quarter worth about $73,000. Finally, Natural Investments LLC purchased a new position in shares of United Microelectronics in the fourth quarter worth about $74,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded shares of United Microelectronics from a “buy” rating to a “sell” rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, United Microelectronics presently has an average rating of “Hold” and a consensus target price of $7.40.

United Microelectronics Stock Performance

NYSE:UMC opened at $6.71 on Monday. The company’s 50-day moving average price is $6.31 and its 200-day moving average price is $6.99. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. The company has a market cap of $16.80 billion, a P/E ratio of 11.56, a P/E/G ratio of 4.44 and a beta of 1.20. United Microelectronics Co. has a twelve month low of $5.61 and a twelve month high of $9.00.

United Microelectronics (NYSE:UMC) last released its quarterly earnings data on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the business posted $5.30 earnings per share. United Microelectronics’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, sell-side analysts forecast that United Microelectronics Co. will post 0.51 earnings per share 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.