Arrowpoint Investment Partners Singapore Pte. Ltd. Purchases New Holdings in United Microelectronics Co. (NYSE:UMC)

Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in 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. The institutional investor purchased 100,121 shares of the semiconductor company's stock, valued at approximately $650,000.

Other hedge funds also recently modified their holdings of the company. Barclays PLC boosted its position in shares of United Microelectronics by 8.1% during the 3rd quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company's stock valued at $26,995,000 after acquiring an additional 240,380 shares in the last quarter. Blue Trust Inc. raised its position in United Microelectronics by 42.4% in the fourth quarter. Blue Trust Inc. now owns 258,775 shares of the semiconductor company's stock worth $1,679,000 after purchasing an additional 76,993 shares in the last quarter. R Squared Ltd bought a new position in United Microelectronics during the fourth quarter worth about $121,000. First Affirmative Financial Network boosted its holdings in United Microelectronics by 74.7% during the fourth quarter. First Affirmative Financial Network now owns 23,693 shares of the semiconductor company's stock valued at $154,000 after purchasing an additional 10,131 shares in the last quarter. Finally, Caprock Group LLC grew its stake in shares of United Microelectronics by 2.4% in the 4th quarter. Caprock Group LLC now owns 129,033 shares of the semiconductor company's stock valued at $837,000 after purchasing an additional 3,013 shares during the period. Institutional investors own 5.05% of the company's stock.

United Microelectronics Stock Performance

NYSE UMC opened at $7.86 on Wednesday. United Microelectronics Co. has a 1-year low of $5.61 and a 1-year high of $9.00. The company has a 50 day moving average of $6.96 and a 200-day moving average of $6.66. 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 market cap of $19.70 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 4.44 and a beta of 1.13.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on UMC shares. Citigroup upgraded United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, March 21st. Wedbush cut United Microelectronics from an "outperform" rating to a "neutral" rating in a report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $7.40.

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.

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