Barclays PLC Has $23.03 Million Holdings in United Microelectronics Co. (NYSE:UMC)

Barclays PLC boosted its stake in United Microelectronics Co. (NYSE:UMC - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,547,867 shares of the semiconductor company's stock after buying an additional 341,937 shares during the quarter. Barclays PLC owned approximately 0.14% of United Microelectronics worth $23,026,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in United Microelectronics by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 15,947,754 shares of the semiconductor company's stock valued at $103,501,000 after purchasing an additional 750,472 shares during the last quarter. Fisher Asset Management LLC grew 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 worth $47,379,000 after acquiring an additional 237,024 shares during the last quarter. State Street Corp increased its position in United Microelectronics by 1.5% in the 3rd quarter. State Street Corp now owns 3,661,624 shares of the semiconductor company's stock valued at $30,831,000 after acquiring an additional 53,105 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of United Microelectronics by 150.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,021,849 shares of the semiconductor company's stock worth $13,122,000 after acquiring an additional 1,215,849 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of United Microelectronics during the fourth quarter valued at approximately $12,768,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UMC has been the subject of a number of recent research reports. Wedbush downgraded United Microelectronics from an "outperform" rating to a "neutral" rating in a research report on Wednesday, April 16th. Citigroup upgraded shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, March 21st. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $7.40.

United Microelectronics Trading Down 1.2 %

Shares of NYSE:UMC traded down $0.09 during midday trading on Friday, hitting $6.83. The company had a trading volume of 2,785,285 shares, compared to its average volume of 12,445,902. The firm has a fifty day simple moving average of $6.65 and a 200 day simple moving average of $6.70. The stock has a market cap of $17.10 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 4.44 and a beta of 1.12. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. United Microelectronics Co. has a 12 month low of $5.61 and a 12 month high of $9.00.

United Microelectronics (NYSE:UMC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 20.35% and a return on equity of 12.78%. On average, analysts predict that United Microelectronics Co. will post 0.51 EPS for the current 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.