Man Group plc Purchases New Shares in United Microelectronics Co. (NYSE:UMC)

Man Group plc bought a new stake in United Microelectronics Co. (NYSE:UMC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 42,928 shares of the semiconductor company's stock, valued at approximately $279,000.

Other large investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new stake in United Microelectronics in the fourth quarter valued at about $242,000. Dimensional Fund Advisors LP grew its position in shares of United Microelectronics by 20.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,288,513 shares of the semiconductor company's stock worth $8,362,000 after buying an additional 214,783 shares during the period. Barclays PLC raised 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 during the last quarter. PNC Financial Services Group Inc. lifted its stake in United Microelectronics by 6.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 83,851 shares of the semiconductor company's stock valued at $544,000 after buying an additional 5,377 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in United Microelectronics by 178.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 383,842 shares of the semiconductor company's stock worth $2,506,000 after acquiring an additional 246,034 shares during the last quarter. 5.05% of the stock is owned by institutional investors.

United Microelectronics Stock Performance

Shares of UMC stock traded down $0.08 on Friday, hitting $7.62. The company's stock had a trading volume of 9,457,630 shares, compared to its average volume of 12,681,554. The stock's 50 day moving average is $7.14 and its 200-day moving average is $6.70. United Microelectronics Co. has a fifty-two week low of $5.61 and a fifty-two week high of $9.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19. The company has a market capitalization of $19.14 billion, a PE ratio of 13.14, a PEG ratio of 4.44 and a beta of 1.13.

United Microelectronics (NYSE:UMC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share 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 firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $57.63 billion. During the same period last year, the company posted $0.13 EPS. The business's revenue was up 1.9% on a year-over-year basis. Equities research analysts expect that United Microelectronics Co. will post 0.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. The Goldman Sachs Group reissued a "sell" rating on shares of United Microelectronics in a research note on Friday, May 23rd. Citigroup upgraded United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Wedbush downgraded United Microelectronics from an "outperform" rating to a "neutral" rating in a research note on Wednesday, April 16th. One equities research 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 data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.