Quadrant Capital Group LLC Has $953,000 Holdings in United Microelectronics Co. (NYSE:UMC)

Quadrant Capital Group LLC lessened its position in United Microelectronics Co. (NYSE:UMC) by 28.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 146,827 shares of the semiconductor company’s stock after selling 57,042 shares during the period. Quadrant Capital Group LLC’s holdings in United Microelectronics were worth $953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of United Microelectronics by 7.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 806,000 shares of the semiconductor company’s stock worth $6,787,000 after purchasing an additional 53,264 shares during the last quarter. Two Sigma Advisers LP increased its position in United Microelectronics by 314.1% in the 3rd 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 bought a new position in United Microelectronics in the 3rd quarter worth approximately $1,099,000. MML Investors Services LLC acquired a new position in shares of United Microelectronics during the third quarter worth approximately $86,000. Finally, Barclays PLC boosted its position in shares of United Microelectronics by 8.1% in the third quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company’s stock valued at $26,995,000 after acquiring an additional 240,380 shares during the period. 5.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Citigroup raised shares of United Microelectronics from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, March 21st. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.40.

United Microelectronics Stock Down 3.0 %

UMC stock opened at $6.25 on Monday. United Microelectronics Co. has a twelve month low of $5.61 and a twelve month high of $9.00. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16. The company has a market cap of $15.65 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 4.44 and a beta of 1.12. The business’s 50-day simple moving average is $6.43 and its 200 day simple moving average is $6.86.

United Microelectronics (NYSE:UMC) last announced its quarterly earnings data on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.03). The firm 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 revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $5.30 EPS. On average, research analysts anticipate that United Microelectronics Co. will post 0.51 earnings per share for the current year.

About United Microelectronics

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.