Dimensional Fund Advisors LP Increases Stake in United Microelectronics Co. (NYSE:UMC)

Dimensional Fund Advisors LP grew its position in United Microelectronics Co. (NYSE:UMC - Free Report) by 20.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,288,513 shares of the semiconductor company's stock after buying an additional 214,783 shares during the period. Dimensional Fund Advisors LP owned 0.05% of United Microelectronics worth $8,362,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. First Trust Advisors LP acquired a new position in United Microelectronics during the fourth quarter valued at $949,000. Freedom Investment Management Inc. grew its position in shares of United Microelectronics by 14.7% in the fourth quarter. Freedom Investment Management Inc. now owns 23,139 shares of the semiconductor company's stock valued at $150,000 after purchasing an additional 2,969 shares in the last quarter. GeoWealth Management LLC raised its holdings in shares of United Microelectronics by 236.3% during the 4th quarter. GeoWealth Management LLC now owns 13,518 shares of the semiconductor company's stock worth $88,000 after acquiring an additional 9,498 shares during the period. Jump Financial LLC grew its stake in shares of United Microelectronics by 709.8% in the 4th quarter. Jump Financial LLC now owns 91,602 shares of the semiconductor company's stock valued at $594,000 after buying an additional 80,291 shares during the period. Finally, Guggenheim Capital LLC increased its stake in United Microelectronics by 2.2% during the fourth quarter. Guggenheim Capital LLC now owns 333,620 shares of the semiconductor company's stock worth $2,165,000 after acquiring an additional 7,084 shares during the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UMC has been the subject of several research analyst reports. Wedbush lowered United Microelectronics from an "outperform" rating to a "neutral" rating in a research report on Wednesday, April 16th. Citigroup raised shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a report on Friday, March 21st. Five analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, United Microelectronics has a consensus rating of "Hold" and a consensus price target of $7.40.

United Microelectronics Trading Up 0.9 %

Shares of UMC stock opened at $7.45 on Friday. 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 company has a market capitalization of $18.67 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 4.44 and a beta of 1.13. The business's 50 day moving average is $6.81 and its two-hundred day moving average is $6.63. United Microelectronics Co. has a twelve month low of $5.61 and a twelve month high of $9.00.

United Microelectronics (NYSE:UMC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $57.63 billion. During the same period in the prior year, the business earned $0.13 earnings per share. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. Equities analysts forecast that United Microelectronics Co. will post 0.51 EPS 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.

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