Vident Advisory LLC Has $1.54 Million Holdings in United Microelectronics Co. (NYSE:UMC)

Vident Advisory LLC decreased its stake in United Microelectronics Co. (NYSE:UMC) by 43.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,512 shares of the semiconductor company’s stock after selling 182,333 shares during the quarter. Vident Advisory LLC’s holdings in United Microelectronics were worth $1,535,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of United Microelectronics by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 15,947,754 shares of the semiconductor company’s stock valued at $103,501,000 after acquiring an additional 750,472 shares during the period. Millennium Management LLC increased its position in shares of United Microelectronics by 3,091.8% during the 4th quarter. Millennium Management LLC now owns 14,329,393 shares of the semiconductor company’s stock worth $92,998,000 after purchasing an additional 13,880,446 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in United Microelectronics by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 7,300,362 shares of the semiconductor company’s stock valued at $47,379,000 after purchasing an additional 237,024 shares during the last quarter. Barclays PLC boosted its position in United Microelectronics by 10.7% in the fourth quarter. Barclays PLC now owns 3,547,867 shares of the semiconductor company’s stock valued at $23,026,000 after buying an additional 341,937 shares in the last quarter. Finally, Northern Trust Corp grew its stake in United Microelectronics by 238.8% during the fourth quarter. Northern Trust Corp now owns 3,184,444 shares of the semiconductor company’s stock worth $20,667,000 after buying an additional 2,244,574 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors.

United Microelectronics Price Performance

Shares of UMC stock opened at $8.09 on Friday. United Microelectronics Co. has a 1 year low of $5.61 and a 1 year high of $9.00. 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 firm’s 50 day moving average is $7.02 and its 200-day moving average is $6.67. The firm has a market capitalization of $20.26 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 4.44 and a beta of 1.13.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $57.63 billion. United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 EPS. Sell-side analysts forecast that United Microelectronics Co. will post 0.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on UMC shares. Citigroup upgraded shares of United Microelectronics from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, March 21st. Wedbush lowered United Microelectronics from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Microelectronics currently has an average rating of “Hold” and an average target price of $7.40.

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.