United Microelectronics Co. (NYSE:UMC) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its holdings in United Microelectronics Co. (NYSE:UMC) by 3.4% during the fourth quarter, HoldingsChannel reports. The fund owned 7,300,362 shares of the semiconductor company’s stock after buying an additional 237,024 shares during the period. Fisher Asset Management LLC’s holdings in United Microelectronics were worth $47,379,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its stake in shares of United Microelectronics by 96.0% in the 3rd quarter. Victory Capital Management Inc. now owns 149,457 shares of the semiconductor company’s stock valued at $1,258,000 after purchasing an additional 73,202 shares during the last quarter. JPMorgan Chase & Co. lifted its position in United Microelectronics by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 806,000 shares of the semiconductor company’s stock valued at $6,787,000 after buying an additional 53,264 shares during the last quarter. Two Sigma Advisers LP boosted its stake in United Microelectronics by 314.1% during the third quarter. Two Sigma Advisers LP now owns 1,279,600 shares of the semiconductor company’s stock worth $10,774,000 after buying an additional 970,600 shares during the period. Verition Fund Management LLC acquired a new stake in shares of United Microelectronics during the third quarter valued at about $1,099,000. Finally, MML Investors Services LLC acquired a new stake in shares of United Microelectronics during the third quarter valued at about $86,000. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on UMC shares. Citigroup cut shares of United Microelectronics from a “buy” rating to a “sell” rating in a research report on Tuesday, January 21st. StockNews.com lowered United Microelectronics from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.40.

United Microelectronics Stock Up 1.3 %

Shares of UMC opened at $6.47 on Monday. The company’s 50-day simple moving average is $6.27 and its 200-day simple moving average is $7.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19. United Microelectronics Co. has a 1 year low of $5.61 and a 1 year high of $9.00. The stock has a market capitalization of $16.20 billion, a PE ratio of 11.15, a P/E/G ratio of 4.44 and a beta of 1.15.

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