62,107 Shares in United Microelectronics Co. (NYSE:UMC) Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. bought a new position in shares of United Microelectronics Co. (NYSE:UMC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 62,107 shares of the semiconductor company's stock, valued at approximately $403,000.

Several other hedge funds also recently bought and sold shares of the stock. State Street Corp boosted its stake in United Microelectronics by 1.5% during the third quarter. State Street Corp now owns 3,661,624 shares of the semiconductor company's stock worth $30,831,000 after buying an additional 53,105 shares during the period. Barclays PLC boosted its stake in shares of United Microelectronics by 8.1% in the third quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company's stock valued at $26,995,000 after purchasing an additional 240,380 shares during the period. Two Sigma Advisers LP boosted its stake in shares of United Microelectronics by 314.1% in the third quarter. Two Sigma Advisers LP now owns 1,279,600 shares of the semiconductor company's stock valued at $10,774,000 after purchasing an additional 970,600 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of United Microelectronics by 16.5% in the third quarter. BNP Paribas Financial Markets now owns 1,186,187 shares of the semiconductor company's stock valued at $9,988,000 after purchasing an additional 168,399 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of United Microelectronics by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 806,000 shares of the semiconductor company's stock valued at $6,787,000 after purchasing an additional 53,264 shares during the period. Hedge funds and other institutional investors own 5.05% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on UMC. JPMorgan Chase & Co. lowered shares of United Microelectronics from an "overweight" rating to a "neutral" rating in a research note on Wednesday, October 30th. Morgan Stanley downgraded shares of United Microelectronics from an "overweight" rating to an "equal weight" rating in a research note on Monday, October 28th. Citigroup downgraded shares of United Microelectronics from a "buy" rating to a "sell" rating in a research note on Tuesday, January 21st. Finally, StockNews.com downgraded shares of United Microelectronics from a "buy" rating to a "hold" rating in a research note on Sunday, November 17th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $7.40.

United Microelectronics Stock Down 1.1 %

NYSE:UMC traded down $0.08 during trading hours on Friday, hitting $6.48. The company's stock had a trading volume of 15,618,683 shares, compared to its average volume of 12,695,678. The stock has a market capitalization of $16.23 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 4.39 and a beta of 1.15. The stock has a fifty day moving average of $6.27 and a 200-day moving average of $7.29. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. United Microelectronics Co. has a 52-week low of $5.61 and a 52-week high of $9.00.

United Microelectronics (NYSE:UMC - Get Free Report) last posted its 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 business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.86 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $5.30 EPS. On average, equities analysts forecast that United Microelectronics Co. will post 0.51 earnings per share for the current 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.