Vanguard Group Inc. Buys 750,472 Shares of United Microelectronics Co. (NYSE:UMC)

Vanguard Group Inc. grew its position in United Microelectronics Co. (NYSE:UMC - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,947,754 shares of the semiconductor company's stock after purchasing an additional 750,472 shares during the quarter. Vanguard Group Inc. owned approximately 0.64% of United Microelectronics worth $103,501,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. LPL Financial LLC grew its holdings in United Microelectronics by 3.3% in the 4th quarter. LPL Financial LLC now owns 61,852 shares of the semiconductor company's stock valued at $401,000 after buying an additional 1,963 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of United Microelectronics in the fourth quarter valued at approximately $1,041,000. PDS Planning Inc grew its stake in shares of United Microelectronics by 5.5% in the fourth quarter. PDS Planning Inc now owns 57,828 shares of the semiconductor company's stock worth $375,000 after acquiring an additional 3,001 shares during the last quarter. Natural Investments LLC acquired a new position in United Microelectronics during the 4th quarter valued at $74,000. Finally, PNC Financial Services Group Inc. raised its stake in United Microelectronics by 6.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 83,851 shares of the semiconductor company's stock valued at $544,000 after purchasing an additional 5,377 shares during the last quarter. 5.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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United Microelectronics Stock Performance

Shares of UMC traded up $0.06 on Tuesday, reaching $6.94. 2,423,322 shares of the stock traded hands, compared to its average volume of 14,631,688. The stock's 50-day moving average price is $6.54 and its 200-day moving average price is $6.76. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. The firm has a market cap of $17.38 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 4.44 and a beta of 1.12. United Microelectronics Co. has a 12 month low of $5.61 and a 12 month high of $9.00.

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

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.