United Microelectronics Co. (NYSE:UMC) Position Trimmed by US Bancorp DE

US Bancorp DE reduced its position in shares of United Microelectronics Co. (NYSE:UMC - Free Report) by 24.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,408 shares of the semiconductor company's stock after selling 40,546 shares during the quarter. US Bancorp DE's holdings in United Microelectronics were worth $794,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its stake in shares of United Microelectronics by 96.0% in the third quarter. Victory Capital Management Inc. now owns 149,457 shares of the semiconductor company's stock worth $1,258,000 after acquiring an additional 73,202 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of United Microelectronics by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 806,000 shares of the semiconductor company's stock worth $6,787,000 after acquiring an additional 53,264 shares during the period. Two Sigma Advisers LP raised its stake in shares of United Microelectronics by 314.1% during the 3rd quarter. Two Sigma Advisers LP now owns 1,279,600 shares of the semiconductor company's stock worth $10,774,000 after buying an additional 970,600 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of United Microelectronics during the 3rd quarter worth $1,099,000. Finally, MML Investors Services LLC purchased a new stake in United Microelectronics during the third quarter worth $86,000. Hedge funds and other institutional investors own 5.05% of the company's stock.

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Wall Street Analysts Forecast Growth

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

United Microelectronics Stock Down 0.2 %

NYSE UMC traded down $0.02 during trading hours on Wednesday, hitting $6.66. The company had a trading volume of 7,009,378 shares, compared to its average volume of 11,399,866. The firm's 50 day moving average is $6.27 and its 200 day moving average is $7.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. United Microelectronics Co. has a fifty-two week low of $5.61 and a fifty-two week high of $9.00. The company has a market capitalization of $16.68 billion, a price-to-earnings ratio of 11.49, a P/E/G ratio of 4.44 and a beta of 1.20.

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