Quantinno Capital Management LP Has $941,000 Stock Position in United Microelectronics Co. (NYSE:UMC)

Quantinno Capital Management LP trimmed its position in United Microelectronics Co. (NYSE:UMC - Free Report) by 22.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 145,004 shares of the semiconductor company's stock after selling 41,046 shares during the period. Quantinno Capital Management LP's holdings in United Microelectronics were worth $941,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Hsbc Holdings PLC bought a new position in United Microelectronics in the fourth quarter worth about $242,000. Dimensional Fund Advisors LP lifted its holdings in United Microelectronics by 20.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,288,513 shares of the semiconductor company's stock worth $8,362,000 after acquiring an additional 214,783 shares during the last quarter. Barclays PLC lifted its holdings in United Microelectronics by 8.1% in the third quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company's stock worth $26,995,000 after acquiring an additional 240,380 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings 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 worth $544,000 after acquiring an additional 5,377 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in United Microelectronics by 178.5% in the fourth 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. Institutional investors own 5.05% of the company's stock.

Analyst Ratings Changes

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

United Microelectronics Stock Performance

Shares of UMC traded down $0.07 during mid-day trading on Tuesday, reaching $7.75. 8,546,205 shares of the company's stock traded hands, compared to its average volume of 12,663,709. United Microelectronics Co. has a 12 month low of $5.61 and a 12 month high of $9.00. The stock has a market capitalization of $19.47 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 4.44 and a beta of 1.13. The business's 50-day moving average price is $7.06 and its 200-day moving average price is $6.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19.

United Microelectronics (NYSE:UMC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $57.63 billion. During the same quarter last year, the firm posted $0.13 EPS. The company's quarterly revenue was up 1.9% compared to the same quarter last year. Equities analysts predict that United Microelectronics Co. will post 0.51 earnings per share for the current year.

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.