170,779 Shares in United Microelectronics Co. (NYSE:UMC) Purchased by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in United Microelectronics Co. (NYSE:UMC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 170,779 shares of the semiconductor company's stock, valued at approximately $1,108,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. 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 lifted its holdings in shares of United Microelectronics by 1.5% during the third quarter. State Street Corp now owns 3,661,624 shares of the semiconductor company's stock worth $30,831,000 after purchasing an additional 53,105 shares during the period. Barclays PLC grew its stake 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 worth $26,995,000 after purchasing an additional 240,380 shares during the last quarter. Two Sigma Advisers LP increased its holdings in United Microelectronics by 314.1% in the third quarter. Two Sigma Advisers LP now owns 1,279,600 shares of the semiconductor company's stock valued at $10,774,000 after purchasing an additional 970,600 shares during the period. Finally, BNP Paribas Financial Markets raised its position in United Microelectronics by 16.5% during the 3rd 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 last quarter. Institutional investors and hedge funds own 5.05% of the company's stock.

Remove Ads

United Microelectronics Stock Down 0.7 %

NYSE:UMC traded down $0.05 during trading hours on Wednesday, reaching $6.63. The company had a trading volume of 13,823,928 shares, compared to its average volume of 11,425,674. The business's 50-day simple moving average is $6.27 and its two-hundred day simple moving average is $7.09. United Microelectronics Co. has a twelve month low of $5.61 and a twelve month high of $9.00. The firm has a market cap of $16.60 billion, a price-to-earnings ratio of 11.42, a P/E/G ratio of 4.44 and a beta of 1.20. 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 announced its quarterly earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 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 for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm posted $5.30 EPS. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts expect that United Microelectronics Co. will post 0.51 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.