Two Sigma Investments LP Cuts Position in United Microelectronics Co. (NYSE:UMC)

Two Sigma Investments LP reduced its holdings in shares of United Microelectronics Co. (NYSE:UMC - Free Report) by 53.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,325,398 shares of the semiconductor company's stock after selling 3,890,795 shares during the quarter. Two Sigma Investments LP owned 0.13% of United Microelectronics worth $21,582,000 at the end of the most recent quarter.

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

United Microelectronics Stock Performance

Shares of UMC stock opened at $8.07 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. The company's fifty day moving average price is $6.99 and its two-hundred day moving average price is $6.67. The firm has a market capitalization of $20.22 billion, a P/E ratio of 13.91, a P/E/G ratio of 4.44 and a beta of 1.13. 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 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). 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 revenue was up 1.9% compared to the same quarter last year. On average, research analysts anticipate that United Microelectronics Co. will post 0.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Wedbush lowered United Microelectronics from an "outperform" rating to a "neutral" rating in a research note on Wednesday, April 16th. Citigroup upgraded United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a report on Friday, March 21st. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently 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.

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