Fisher Asset Management LLC Raises Position in United Microelectronics Co. (NYSE:UMC)

Fisher Asset Management LLC lifted its stake in United Microelectronics Co. (NYSE:UMC - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,300,362 shares of the semiconductor company's stock after purchasing an additional 237,024 shares during the quarter. Fisher Asset Management LLC owned about 0.29% of United Microelectronics worth $47,379,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of United Microelectronics by 1.5% in the 3rd quarter. State Street Corp now owns 3,661,624 shares of the semiconductor company's stock worth $30,831,000 after acquiring an additional 53,105 shares during the last quarter. Barclays PLC grew its holdings in shares of United Microelectronics by 8.1% in the third quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company's stock valued at $26,995,000 after purchasing an additional 240,380 shares during the period. Two Sigma Advisers LP increased its position in United Microelectronics by 314.1% during the third quarter. Two Sigma Advisers LP now owns 1,279,600 shares of the semiconductor company's stock worth $10,774,000 after purchasing an additional 970,600 shares during the last quarter. BNP Paribas Financial Markets raised its stake in United Microelectronics by 16.5% during the third quarter. BNP Paribas Financial Markets now owns 1,186,187 shares of the semiconductor company's stock worth $9,988,000 after purchasing an additional 168,399 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in United Microelectronics by 7.1% in the 3rd 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. Hedge funds and other institutional investors own 5.05% of the company's stock.

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United Microelectronics Trading Down 2.0 %

Shares of United Microelectronics stock traded down $0.14 on Thursday, reaching $6.67. The company had a trading volume of 8,323,611 shares, compared to its average volume of 13,265,584. 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 $16.70 billion, a PE ratio of 11.49, a PEG ratio of 4.44 and a beta of 1.20. The firm's 50 day moving average price is $6.26 and its two-hundred day moving average price is $7.16. United Microelectronics Co. has a 52-week low of $5.61 and a 52-week 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). The firm had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.86 billion. United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The company's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.30 earnings per share. Sell-side analysts predict that United Microelectronics Co. will post 0.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UMC has been the topic of several analyst reports. StockNews.com lowered shares of United Microelectronics from a "buy" rating to a "hold" rating in a research report on Sunday, November 17th. Citigroup downgraded United Microelectronics from a "buy" rating to a "sell" rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, United Microelectronics has a consensus rating of "Hold" and an average price target of $7.40.

About United Microelectronics

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.