JPMorgan Chase & Co. increased its holdings in shares of United Microelectronics Co. (NYSE:UMC - Free Report) by 150.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,021,849 shares of the semiconductor company's stock after purchasing an additional 1,215,849 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.08% of United Microelectronics worth $13,122,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of United Microelectronics by 4.9% during the fourth quarter. Vanguard Group Inc. now owns 15,947,754 shares of the semiconductor company's stock worth $103,501,000 after purchasing an additional 750,472 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of United Microelectronics by 178.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 383,842 shares of the semiconductor company's stock valued at $2,506,000 after purchasing an additional 246,034 shares during the period. Barclays PLC grew its stake in United Microelectronics by 8.1% during the 3rd quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company's stock worth $26,995,000 after buying an additional 240,380 shares during the last quarter. Fisher Asset Management LLC lifted its stake in United Microelectronics by 3.4% in the fourth quarter. Fisher Asset Management LLC now owns 7,300,362 shares of the semiconductor company's stock valued at $47,379,000 after buying an additional 237,024 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of United Microelectronics in the fourth quarter valued at approximately $1,328,000. 5.05% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Citigroup raised shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a report on Friday, March 21st. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $7.40.
Check Out Our Latest Stock Report on United Microelectronics
United Microelectronics Stock Performance
Shares of UMC stock opened at $6.87 on Monday. United Microelectronics Co. has a 52-week low of $5.61 and a 52-week high of $9.00. The stock's 50-day moving average price is $6.52 and its 200 day moving average price is $6.77. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $17.20 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 4.44 and a beta of 1.12.
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 company had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter last year, the company earned $5.30 EPS. United Microelectronics's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities research analysts forecast that United Microelectronics Co. will post 0.51 EPS for the current year.
About United Microelectronics
(
Free Report)
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.
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