United Microelectronics Co. (NYSE:UMC) Shares Sold by Blue Trust Inc.

Blue Trust Inc. cut its stake in shares of United Microelectronics Co. (NYSE:UMC - Free Report) by 69.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 56,221 shares of the semiconductor company's stock after selling 125,561 shares during the period. Blue Trust Inc.'s holdings in United Microelectronics were worth $365,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. CWM LLC raised its holdings in United Microelectronics by 50.7% in the third quarter. CWM LLC now owns 28,599 shares of the semiconductor company's stock valued at $241,000 after buying an additional 9,625 shares during the period. Creative Planning raised its stake in shares of United Microelectronics by 22.6% in the 3rd quarter. Creative Planning now owns 661,802 shares of the semiconductor company's stock valued at $5,572,000 after acquiring an additional 121,919 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of United Microelectronics by 6,339.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 137,808 shares of the semiconductor company's stock valued at $1,160,000 after acquiring an additional 135,668 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of United Microelectronics by 1.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 103,907 shares of the semiconductor company's stock valued at $875,000 after acquiring an additional 1,701 shares in the last quarter. Finally, Waldron Private Wealth LLC boosted its position in United Microelectronics by 55.0% during the 3rd quarter. Waldron Private Wealth LLC now owns 23,963 shares of the semiconductor company's stock worth $202,000 after purchasing an additional 8,500 shares during the period. 5.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UMC has been the topic of several research reports. Citigroup lowered United Microelectronics from a "buy" rating to a "sell" rating in a research report on Tuesday, January 21st. StockNews.com downgraded United Microelectronics from a "buy" rating to a "hold" rating in a report on Sunday, November 17th. Morgan Stanley cut United Microelectronics from an "overweight" rating to an "equal weight" rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. downgraded shares of United Microelectronics from an "overweight" rating to a "neutral" rating in a research report 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 company. According to MarketBeat.com, United Microelectronics currently has an average rating of "Hold" and a consensus target price of $7.40.

United Microelectronics Stock Down 1.1 %

NYSE:UMC traded down $0.08 on Friday, reaching $6.48. The stock had a trading volume of 15,618,153 shares, compared to its average volume of 12,684,482. The company has a 50-day moving average of $6.27 and a 200 day moving average of $7.29. 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 stock has a market cap of $16.23 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 4.39 and a beta of 1.15. 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 released its quarterly earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm posted $5.30 EPS. The company's revenue was up 4.9% compared to the same quarter last year. On average, research analysts predict that United Microelectronics Co. will post 0.51 earnings per share 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.