Jump Financial LLC grew its stake in shares of United Microelectronics Co. (NYSE:UMC - Free Report) by 709.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,602 shares of the semiconductor company's stock after buying an additional 80,291 shares during the period. Jump Financial LLC's holdings in United Microelectronics were worth $594,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in UMC. MML Investors Services LLC purchased a new position in United Microelectronics during the third quarter valued at approximately $86,000. Barclays PLC raised its position in shares of United Microelectronics by 8.1% during the 3rd 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. Tidal Investments LLC lifted its stake in shares of United Microelectronics by 110.6% during the 3rd quarter. Tidal Investments LLC now owns 115,287 shares of the semiconductor company's stock valued at $971,000 after buying an additional 60,533 shares in the last quarter. Synovus Financial Corp bought a new position in United Microelectronics in the 3rd quarter worth $89,000. Finally, DGS Capital Management LLC increased its stake in United Microelectronics by 2.7% in the 3rd quarter. DGS Capital Management LLC now owns 104,271 shares of the semiconductor company's stock worth $878,000 after buying an additional 2,712 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors.
United Microelectronics Price Performance
NYSE:UMC opened at $7.00 on Thursday. The company has a market capitalization of $17.54 billion, a P/E ratio of 12.07, a P/E/G ratio of 4.44 and a beta of 1.12. The business's 50-day moving average is $6.64 and its 200 day moving average is $6.71. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. United Microelectronics Co. has a 12 month low of $5.61 and a 12 month high of $9.00.
United Microelectronics (NYSE:UMC - Get Free Report) last posted its 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 firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company posted $5.30 earnings per share. The firm's revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts forecast that United Microelectronics Co. will post 0.51 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research firms recently issued reports on UMC. Citigroup upgraded United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, March 21st. Wedbush cut shares of United Microelectronics from an "outperform" rating to a "neutral" rating in a research report on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, United Microelectronics has a consensus rating of "Hold" and an average price target of $7.40.
View Our Latest Stock Analysis on UMC
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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