Headlands Technologies LLC Makes New $1.31 Million Investment in United Microelectronics Co. (NYSE:UMC)

Headlands Technologies LLC bought a new stake in shares of United Microelectronics Co. (NYSE:UMC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 201,170 shares of the semiconductor company's stock, valued at approximately $1,306,000.

Several other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of United Microelectronics by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 806,000 shares of the semiconductor company's stock valued at $6,787,000 after acquiring an additional 53,264 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in United Microelectronics by 314.1% in the 3rd 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 in the last quarter. Verition Fund Management LLC bought a new position in United Microelectronics in the 3rd quarter worth approximately $1,099,000. MML Investors Services LLC purchased a new stake in United Microelectronics during the 3rd quarter valued at approximately $86,000. Finally, Barclays PLC raised its position in shares of United Microelectronics by 8.1% during the third quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company's stock valued at $26,995,000 after buying an additional 240,380 shares during the last quarter. Institutional investors own 5.05% of the company's stock.

United Microelectronics Price Performance

NYSE:UMC traded down $0.19 during trading hours on Friday, reaching $6.25. The stock had a trading volume of 18,958,618 shares, compared to its average volume of 12,096,420. The stock has a market capitalization of $15.65 billion, a PE ratio of 10.77, a PEG ratio of 4.44 and a beta of 1.12. United Microelectronics Co. has a 52 week low of $5.61 and a 52 week high of $9.00. The company has a 50 day moving average price of $6.43 and a two-hundred day moving average price of $6.87. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19.

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United Microelectronics (NYSE:UMC - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share 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 the consensus estimate of $1.86 billion. During the same quarter in the prior year, the firm posted $5.30 EPS. The company's revenue for the quarter was up 4.9% on a year-over-year basis. As a group, sell-side analysts anticipate that United Microelectronics Co. will post 0.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, March 21st. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $7.40.

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.