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

Quantinno Capital Management LP cut its holdings in shares of United Microelectronics Co. (NYSE:UMC - Free Report) by 22.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UMC. Savant Capital LLC bought a new position in shares of United Microelectronics in the fourth quarter worth about $66,000. Verdence Capital Advisors LLC acquired a new stake in shares of United Microelectronics in the fourth quarter valued at approximately $69,000. Callan Family Office LLC acquired a new stake in shares of United Microelectronics in the fourth quarter valued at approximately $70,000. SBI Securities Co. Ltd. acquired a new position in United Microelectronics during the 4th quarter worth $73,000. Finally, Natural Investments LLC acquired a new position in United Microelectronics during the 4th quarter worth $74,000. 5.05% of the stock is owned by institutional investors and hedge funds.

United Microelectronics Trading Down 1.2%

Shares of UMC traded down $0.10 during trading hours on Thursday, hitting $7.71. 1,956,534 shares of the stock traded hands, compared to its average volume of 12,614,847. 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 1-year low of $5.61 and a 1-year high of $9.00. The firm has a market capitalization of $19.36 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 4.44 and a beta of 1.13. The business has a fifty day moving average of $7.10 and a 200-day moving average of $6.69.

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 for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $57.63 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. Analysts expect that United Microelectronics Co. will post 0.51 EPS for the current year.

Wall Street Analyst Weigh In

UMC has been the subject of several research reports. Citigroup raised United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, March 21st. The Goldman Sachs Group reaffirmed a "sell" rating on shares of United Microelectronics in a research note on Friday, May 23rd. Finally, Wedbush lowered United Microelectronics from an "outperform" rating to a "neutral" rating in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, United Microelectronics presently has a consensus rating of "Hold" and a consensus 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.