617,753 Shares in United Microelectronics Co. (NYSE:UMC) Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. bought a new stake in United Microelectronics Co. (NYSE:UMC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 617,753 shares of the semiconductor company's stock, valued at approximately $4,009,000.

Other large investors have also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its stake in shares of United Microelectronics by 238.8% in the 4th quarter. Northern Trust Corp now owns 3,184,444 shares of the semiconductor company's stock valued at $20,667,000 after purchasing an additional 2,244,574 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in United Microelectronics during the fourth quarter worth approximately $12,768,000. JPMorgan Chase & Co. increased its position in shares of United Microelectronics by 150.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,021,849 shares of the semiconductor company's stock worth $13,122,000 after acquiring an additional 1,215,849 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of United Microelectronics by 958.3% in the 4th quarter. AQR Capital Management LLC now owns 982,840 shares of the semiconductor company's stock valued at $6,379,000 after acquiring an additional 889,972 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of United Microelectronics by 4.9% during the 4th quarter. Vanguard Group Inc. now owns 15,947,754 shares of the semiconductor company's stock valued at $103,501,000 after acquiring an additional 750,472 shares in the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

United Microelectronics Stock Performance

UMC traded down $0.06 during trading hours on Tuesday, hitting $7.86. 3,347,779 shares of the stock were exchanged, compared to its average volume of 12,641,675. The stock has a market cap of $19.70 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 4.44 and a beta of 1.13. The stock has a 50-day simple moving average of $6.94 and a 200-day simple moving average of $6.65. 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 12 month low of $5.61 and a 12 month high of $9.00.

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

Analyst Ratings Changes

UMC has been the subject of a number of analyst reports. Citigroup upgraded United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a report on Friday, March 21st. Wedbush downgraded shares of United Microelectronics from an "outperform" rating to a "neutral" rating in a research note on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, United Microelectronics presently has an average rating of "Hold" and an average price target of $7.40.

About United Microelectronics

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.