United Microelectronics Co. (NYSE:UMC – Get Rating) saw some unusual options trading activity on Monday. Investors acquired 100,117 call options on the stock. This is an increase of approximately 2,559% compared to the average daily volume of 3,765 call options.
Institutional Investors Weigh In On United Microelectronics
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Guardian Wealth Advisors LLC purchased a new stake in United Microelectronics in the third quarter worth approximately $25,000. CoreCap Advisors LLC purchased a new position in shares of United Microelectronics during the 2nd quarter worth $28,000. Penserra Capital Management LLC purchased a new position in shares of United Microelectronics during the 3rd quarter worth $33,000. EverSource Wealth Advisors LLC boosted its stake in shares of United Microelectronics by 100.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,699 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 1,853 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of United Microelectronics during the 1st quarter worth $36,000. Hedge funds and other institutional investors own 5.23% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. Daiwa Capital Markets raised shares of United Microelectronics from a “hold” rating to an “outperform” rating in a research report on Wednesday, September 14th. StockNews.com raised shares of United Microelectronics from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.
United Microelectronics Stock Performance
UMC stock traded down $0.12 on Monday, hitting $6.84. The company had a trading volume of 455,657 shares, compared to its average volume of 9,539,382. United Microelectronics has a 12-month low of $5.36 and a 12-month high of $11.95. The company has a current ratio of 2.47, a quick ratio of 2.19 and a debt-to-equity ratio of 0.15. The stock’s 50-day simple moving average is $6.69 and its 200 day simple moving average is $6.82. The stock has a market cap of $16.99 billion, a price-to-earnings ratio of 6.00 and a beta of 1.18.
United Microelectronics (NYSE:UMC – Get Rating) last issued its earnings results on Wednesday, October 26th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. United Microelectronics had a net margin of 31.00% and a return on equity of 28.14%. The company had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.56 billion. As a group, equities research analysts expect that United Microelectronics will post 1.2 earnings per share for the current fiscal year.
United Microelectronics Company Profile
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.