Rhumbline Advisers Acquires 104,232 Shares of United Microelectronics Co. (NYSE:UMC)

Rhumbline Advisers boosted its position in shares of United Microelectronics Co. (NYSE:UMC - Free Report) by 15.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 757,913 shares of the semiconductor company's stock after acquiring an additional 104,232 shares during the quarter. Rhumbline Advisers' holdings in United Microelectronics were worth $4,919,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in UMC. Assetmark Inc. acquired a new stake in shares of United Microelectronics during the 3rd quarter worth about $37,000. Savant Capital LLC bought a new stake in United Microelectronics in the 4th quarter valued at $66,000. MML Investors Services LLC acquired a new position in United Microelectronics in the 3rd quarter valued at $86,000. Synovus Financial Corp acquired a new position in shares of United Microelectronics in the third quarter valued at about $89,000. Finally, R Squared Ltd bought a new position in shares of United Microelectronics during the fourth quarter worth approximately $121,000. Institutional investors and hedge funds own 5.05% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on UMC. Citigroup cut United Microelectronics from a "buy" rating to a "sell" rating in a research report on Tuesday, January 21st. StockNews.com downgraded shares of United Microelectronics from a "buy" rating to a "hold" rating in a research note on Sunday, November 17th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $7.40.

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United Microelectronics Price Performance

Shares of UMC stock traded down $0.04 on Monday, reaching $6.41. The company had a trading volume of 17,352,871 shares, compared to its average volume of 13,063,311. The business's 50-day moving average is $6.27 and its 200 day moving average is $7.20. The stock has a market capitalization of $16.07 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 4.44 and a beta of 1.15. United Microelectronics Co. has a one year low of $5.61 and a one year high of $9.00. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16.

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 (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company posted $5.30 earnings per share. Equities research analysts forecast that United Microelectronics Co. will post 0.51 EPS for the current fiscal year.

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.