Blue Trust Inc. Has $1.68 Million Position in United Microelectronics Co. (NYSE:UMC)

Blue Trust Inc. raised its position in United Microelectronics Co. (NYSE:UMC - Free Report) by 42.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 258,775 shares of the semiconductor company's stock after buying an additional 76,993 shares during the period. Blue Trust Inc.'s holdings in United Microelectronics were worth $1,679,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in United Microelectronics during the 3rd quarter worth about $37,000. GAMMA Investing LLC raised its stake in shares of United Microelectronics by 90.7% during the third quarter. GAMMA Investing LLC now owns 6,817 shares of the semiconductor company's stock worth $57,000 after buying an additional 3,242 shares during the last quarter. Viking Fund Management LLC acquired a new position in United Microelectronics in the third quarter valued at approximately $84,000. MML Investors Services LLC bought a new position in United Microelectronics in the third quarter valued at approximately $86,000. Finally, Synovus Financial Corp acquired a new stake in United Microelectronics during the 3rd quarter worth $89,000. 5.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group lowered shares of United Microelectronics from a "buy" rating to a "neutral" rating and set a $7.40 target price on the stock. in a report on Thursday, October 17th. Morgan Stanley cut United Microelectronics from an "overweight" rating to an "equal weight" rating in a research note on Monday, October 28th. Citigroup cut 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. Finally, JPMorgan Chase & Co. lowered shares of United Microelectronics from an "overweight" rating to a "neutral" rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $7.40.

United Microelectronics Stock Performance

NYSE UMC traded down $0.06 on Friday, reaching $5.79. The stock had a trading volume of 7,452,736 shares, compared to its average volume of 12,043,223. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. The company has a market cap of $14.50 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 3.89 and a beta of 1.17. The firm has a fifty day moving average of $6.43 and a two-hundred day moving average of $7.47. United Microelectronics Co. has a 1-year low of $5.61 and a 1-year high of $9.00.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.03). United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm earned $5.30 EPS. The business's revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts anticipate that United Microelectronics Co. will post 0.51 EPS for the current year.

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.