Marshall Wace LLP reduced its position in shares of United Microelectronics Co. (NYSE:UMC - Free Report) by 56.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,375,268 shares of the semiconductor company's stock after selling 4,455,625 shares during the quarter. Marshall Wace LLP owned approximately 0.13% of United Microelectronics worth $21,905,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in UMC. JPMorgan Chase & Co. raised 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 worth $6,787,000 after purchasing an additional 53,264 shares in the last quarter. MML Investors Services LLC bought a new stake in United Microelectronics during the 3rd quarter valued at about $86,000. Barclays PLC lifted its position in United Microelectronics by 8.1% in the 3rd quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company's stock valued at $26,995,000 after acquiring an additional 240,380 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of United Microelectronics by 6.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 83,851 shares of the semiconductor company's stock worth $544,000 after purchasing an additional 5,377 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in United Microelectronics by 178.5% during 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 acquiring an additional 246,034 shares during the period. Hedge funds and other institutional investors own 5.05% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Wedbush downgraded United Microelectronics from an "outperform" rating to a "neutral" rating in a research note on Wednesday, April 16th. Citigroup raised United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a report on Friday, March 21st. Five equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, United Microelectronics has an average rating of "Hold" and a consensus price target of $7.40.
View Our Latest Stock Analysis on UMC
United Microelectronics Stock Down 0.7 %
Shares of NYSE UMC traded down $0.05 during mid-day trading on Friday, reaching $6.87. 3,448,530 shares of the company were exchanged, compared to its average volume of 14,579,470. United Microelectronics Co. has a 1 year low of $5.61 and a 1 year high of $9.00. The stock has a market cap of $17.20 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 4.44 and a beta of 1.12. 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 firm has a 50-day moving average of $6.65 and a 200 day moving average of $6.70.
United Microelectronics (NYSE:UMC - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The firm had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $57.63 billion. United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. On average, research analysts expect that United Microelectronics Co. will post 0.51 earnings per share for the current year.
United Microelectronics Profile
(
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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