Natixis Advisors LLC Sells 93,970 Shares of United Microelectronics Co. (NYSE:UMC)

Natixis Advisors LLC decreased its holdings in United Microelectronics Co. (NYSE:UMC - Free Report) by 51.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 87,914 shares of the semiconductor company's stock after selling 93,970 shares during the quarter. Natixis Advisors LLC's holdings in United Microelectronics were worth $571,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Savant Capital LLC purchased a new position in shares of United Microelectronics in the fourth quarter worth approximately $66,000. MML Investors Services LLC acquired a new stake in shares of United Microelectronics in the third quarter worth $86,000. Synovus Financial Corp acquired a new stake in shares of United Microelectronics in the third quarter worth $89,000. Verdence Capital Advisors LLC purchased a new position in United Microelectronics during the 4th quarter valued at about $69,000. Finally, Callan Family Office LLC acquired a new position in shares of United Microelectronics in the 4th quarter valued at about $70,000. Institutional investors own 5.05% of the company's stock.

United Microelectronics Stock Up 9.4 %

Shares of UMC stock traded up $0.61 on Monday, hitting $7.16. The company's stock had a trading volume of 50,391,084 shares, compared to its average volume of 11,930,614. The stock has a market capitalization of $17.95 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 4.44 and a beta of 1.20. United Microelectronics Co. has a fifty-two week low of $5.61 and a fifty-two week high of $9.00. The firm's fifty day moving average price is $6.37 and its 200-day moving average price is $6.92. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76.

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United Microelectronics (NYSE:UMC - Get Free Report) last announced 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). The company had revenue of $1.84 billion for 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 earned $5.30 EPS. Research analysts anticipate that United Microelectronics Co. will post 0.51 EPS for the current year.

Wall Street Analyst Weigh In

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 research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company 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.