Quadrant Capital Group LLC Has $953,000 Stock Position in United Microelectronics Co. (NYSE:UMC)

Quadrant Capital Group LLC decreased its position in shares of United Microelectronics Co. (NYSE:UMC - Free Report) by 28.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 146,827 shares of the semiconductor company's stock after selling 57,042 shares during the quarter. Quadrant Capital Group LLC's holdings in United Microelectronics were worth $953,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of United Microelectronics by 192.7% in the 3rd quarter. FMR LLC now owns 300,738 shares of the semiconductor company's stock valued at $2,532,000 after purchasing an additional 197,998 shares during the period. Townsquare Capital LLC acquired a new position in shares of United Microelectronics during the 3rd quarter worth about $146,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of United Microelectronics by 3.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 327,100 shares of the semiconductor company's stock valued at $2,754,000 after acquiring an additional 12,100 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of United Microelectronics in the 3rd quarter valued at approximately $1,099,000. Finally, Quantinno Capital Management LP grew its holdings in United Microelectronics by 30.0% during the third quarter. Quantinno Capital Management LP now owns 186,050 shares of the semiconductor company's stock valued at $1,567,000 after purchasing an additional 42,919 shares during the period. 5.05% of the stock is owned by institutional investors and hedge funds.

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United Microelectronics Stock Up 5.0 %

NYSE UMC traded up $0.33 during trading hours on Friday, hitting $6.87. 13,111,966 shares of the company traded hands, compared to its average volume of 12,392,495. United Microelectronics Co. has a twelve month low of $5.61 and a twelve month high of $9.00. The stock has a market capitalization 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 debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19. The business's 50-day moving average is $6.52 and its 200-day moving average is $6.78.

United Microelectronics (NYSE:UMC - Get Free Report) last issued its 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 firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $5.30 earnings per share. Sell-side analysts anticipate that United Microelectronics Co. will post 0.51 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, March 21st. Four investment 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, United Microelectronics presently has a consensus rating of "Hold" and an average target price of $7.40.

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.