Aigen Investment Management LP Purchases New Holdings in United Microelectronics Co. (NYSE:UMC)

Aigen Investment Management LP bought a new position in shares of United Microelectronics Co. (NYSE:UMC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 204,666 shares of the semiconductor company's stock, valued at approximately $1,328,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in UMC. Victory Capital Management Inc. increased its holdings in United Microelectronics by 96.0% in the third 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. increased its holdings 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 purchasing an additional 53,264 shares during the last quarter. Two Sigma Advisers LP increased its holdings in United Microelectronics by 314.1% in the third quarter. Two Sigma Advisers LP now owns 1,279,600 shares of the semiconductor company's stock valued at $10,774,000 after purchasing an additional 970,600 shares during the last quarter. Verition Fund Management LLC bought a new stake in United Microelectronics in the third quarter valued at about $1,099,000. Finally, MML Investors Services LLC bought a new stake in United Microelectronics in the third quarter valued at about $86,000. Institutional investors own 5.05% of the company's stock.

United Microelectronics Trading Up 1.3 %

NYSE:UMC traded up $0.09 on Friday, reaching $6.75. The company's stock had a trading volume of 20,241,628 shares, compared to its average volume of 13,642,442. United Microelectronics Co. has a 1-year low of $5.61 and a 1-year high of $9.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19. The firm has a market cap of $16.90 billion, a PE ratio of 11.63, a PEG ratio of 4.44 and a beta of 1.20. The business's 50-day moving average price is $6.26 and its two-hundred day moving average price is $7.13.

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United Microelectronics (NYSE:UMC - Get Free Report) last posted 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%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $5.30 earnings per share. Equities research analysts anticipate that United Microelectronics Co. will post 0.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Citigroup downgraded United Microelectronics from a "buy" rating to a "sell" rating in a report on Tuesday, January 21st. StockNews.com cut United Microelectronics from a "buy" rating to a "hold" rating in a research note on Sunday, November 17th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $7.40.

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.