Cerity Partners LLC Has $1.20 Million Stock Position in United Microelectronics Co. (NYSE:UMC)

Cerity Partners LLC trimmed its holdings in United Microelectronics Co. (NYSE:UMC - Free Report) by 27.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 171,084 shares of the semiconductor company's stock after selling 65,943 shares during the period. Cerity Partners LLC's holdings in United Microelectronics were worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of UMC. Headlands Technologies LLC bought a new stake in United Microelectronics in the 4th quarter valued at $1,306,000. OLD Mission Capital LLC lifted its holdings in shares of United Microelectronics by 14.4% in the fourth quarter. OLD Mission Capital LLC now owns 162,384 shares of the semiconductor company's stock valued at $1,054,000 after purchasing an additional 20,471 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of United Microelectronics during the fourth quarter worth about $379,000. JPMorgan Chase & Co. grew its holdings in shares of United Microelectronics by 150.8% during the fourth quarter. JPMorgan Chase & Co. now owns 2,021,849 shares of the semiconductor company's stock worth $13,122,000 after buying an additional 1,215,849 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. lifted its stake in United Microelectronics by 81.8% in the 4th quarter. Mizuho Securities Co. Ltd. now owns 53,335 shares of the semiconductor company's stock valued at $347,000 after acquiring an additional 24,000 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UMC. Wedbush downgraded shares of United Microelectronics from an "outperform" rating to a "neutral" rating in a report on Wednesday, April 16th. Citigroup raised 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $7.40.

United Microelectronics Stock Performance

Shares of UMC stock traded down $0.19 on Thursday, reaching $6.83. The stock had a trading volume of 3,973,478 shares, compared to its average volume of 12,442,746. United Microelectronics Co. has a 12 month low of $5.61 and a 12 month high of $9.00. The firm has a market capitalization of $17.11 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 4.44 and a beta of 1.12. The firm's 50-day moving average is $6.64 and its two-hundred day moving average is $6.71. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16.

United Microelectronics (NYSE:UMC - Get Free Report) last released 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 business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $57.63 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. On average, research analysts expect that United Microelectronics Co. will post 0.51 EPS for the current fiscal 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.