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

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

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Savant Capital LLC bought a new stake in shares of United Microelectronics during the 4th quarter worth approximately $66,000. Verdence Capital Advisors LLC bought a new stake in shares of United Microelectronics during the 4th quarter worth approximately $69,000. Callan Family Office LLC bought a new stake in shares of United Microelectronics during the 4th quarter worth approximately $70,000. SBI Securities Co. Ltd. bought a new stake in shares of United Microelectronics during the 4th quarter worth approximately $73,000. Finally, Natural Investments LLC bought a new stake in shares of United Microelectronics during the 4th quarter worth approximately $74,000. Hedge funds and other institutional investors own 5.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on UMC shares. Wedbush lowered United Microelectronics from an "outperform" rating to a "neutral" rating in a research note on Wednesday, April 16th. Citigroup raised United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, March 21st. Finally, The Goldman Sachs Group reaffirmed a "sell" rating on shares of United Microelectronics in a research report on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $7.40.

United Microelectronics Stock Down 2.8%

Shares of UMC traded down $0.23 during trading hours on Friday, hitting $7.85. The company had a trading volume of 12,474,914 shares, compared to its average volume of 12,656,127. The company has a market capitalization of $19.66 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 4.44 and a beta of 1.13. 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 one year low of $5.61 and a one year high of $9.00. The company's fifty day moving average price is $7.04 and its two-hundred day moving average price is $6.68.

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 the consensus estimate of $0.10 by ($0.01). The company 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 company's revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 earnings per share. As a group, equities analysts forecast that United Microelectronics Co. will post 0.51 earnings per share for the current fiscal 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.