United Microelectronics (NYSE:UMC) Trading Down 3.9% - Should You Sell?

United Microelectronics Co. (NYSE:UMC - Get Free Report)'s stock price fell 3.9% during trading on Wednesday . The company traded as low as $6.75 and last traded at $6.71. 1,281,907 shares were traded during mid-day trading, a decline of 89% from the average session volume of 11,919,449 shares. The stock had previously closed at $6.98.

Analysts Set New Price Targets

Separately, Citigroup upgraded United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, March 21st. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $7.40.

United Microelectronics Stock Down 2.2 %

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 firm has a 50-day moving average of $6.43 and a 200 day moving average of $6.86. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 4.44 and a beta of 1.12.

United Microelectronics (NYSE:UMC - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.03). United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the business earned $5.30 EPS. The firm's revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts anticipate that United Microelectronics Co. will post 0.51 earnings per share for the current year.

Institutional Investors Weigh In On United Microelectronics

Several hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP acquired a new position in United Microelectronics during the fourth quarter worth $379,000. GTS Securities LLC boosted its position in United Microelectronics by 119.0% during the fourth quarter. GTS Securities LLC now owns 97,052 shares of the semiconductor company's stock worth $630,000 after purchasing an additional 52,732 shares during the period. Vise Technologies Inc. grew its holdings in United Microelectronics by 83.1% during the fourth quarter. Vise Technologies Inc. now owns 26,989 shares of the semiconductor company's stock valued at $175,000 after purchasing an additional 12,249 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in United Microelectronics in the 4th quarter worth $650,000. Finally, Focus Partners Advisor Solutions LLC grew its holdings in United Microelectronics by 23.1% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 19,157 shares of the semiconductor company's stock valued at $124,000 after buying an additional 3,593 shares during the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.

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.