O Shaughnessy Asset Management LLC Has $1.91 Million Stock Holdings in United Microelectronics Co. (NYSE:UMC)

O Shaughnessy Asset Management LLC lowered its holdings in United Microelectronics Co. (NYSE:UMC - Free Report) by 19.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 294,810 shares of the semiconductor company's stock after selling 70,542 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in United Microelectronics were worth $1,913,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Savant Capital LLC bought a new stake in United Microelectronics in the fourth quarter valued at about $66,000. MML Investors Services LLC bought a new stake in United Microelectronics during the third quarter worth about $86,000. Synovus Financial Corp bought a new stake in United Microelectronics during the third quarter worth about $89,000. Verdence Capital Advisors LLC bought a new stake in United Microelectronics during the fourth quarter worth about $69,000. Finally, Callan Family Office LLC bought a new stake in United Microelectronics during the fourth quarter worth about $70,000. Institutional investors own 5.05% of the company's stock.

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 equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, United Microelectronics currently has a consensus rating of "Hold" and an average target price of $7.40.

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United Microelectronics Price Performance

Shares of UMC traded down $0.24 during mid-day trading on Thursday, hitting $6.54. 3,368,511 shares of the company traded hands, compared to its average volume of 12,277,050. United Microelectronics Co. has a one year low of $5.61 and a one year high of $9.00. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average of $6.49 and a 200 day moving average of $6.81. The stock has a market capitalization of $16.38 billion, a price-to-earnings ratio of 11.32, a PEG 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 net margin of 20.35% and a return on equity of 12.78%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the company earned $5.30 earnings per share. United Microelectronics's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities analysts expect that United Microelectronics Co. will post 0.51 earnings per share for the current fiscal year.

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.