146,183 Shares in United Microelectronics Co. (NYSE:UMC) Acquired by First Trust Advisors LP

First Trust Advisors LP bought a new stake in United Microelectronics Co. (NYSE:UMC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 146,183 shares of the semiconductor company's stock, valued at approximately $949,000.

Other institutional investors have also recently made changes to their positions in the company. Savant Capital LLC bought a new stake in United Microelectronics in the fourth quarter worth about $66,000. Synovus Financial Corp bought a new stake in shares of United Microelectronics during the 3rd quarter worth approximately $89,000. Verdence Capital Advisors LLC purchased a new position in United Microelectronics during the 4th quarter valued at $69,000. Callan Family Office LLC bought a new position in United Microelectronics in the 4th quarter valued at $70,000. Finally, SBI Securities Co. Ltd. purchased a new stake in United Microelectronics in the fourth quarter worth $73,000. Institutional investors own 5.05% of the company's stock.

United Microelectronics Stock Up 0.9 %

United Microelectronics stock traded up $0.07 during mid-day trading on Friday, reaching $7.45. 9,524,581 shares of the company were exchanged, compared to its average volume of 12,617,219. United Microelectronics Co. has a 12-month low of $5.61 and a 12-month high of $9.00. The business has a fifty day moving average of $6.81 and a 200 day moving average of $6.63. The firm has a market cap of $18.67 billion, a P/E ratio of 12.85, a PEG ratio of 4.44 and a beta of 1.13. 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 announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 EPS 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 during the quarter, compared to the consensus estimate of $57.63 billion. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. Research analysts anticipate that United Microelectronics Co. will post 0.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UMC has been the subject of a number of research analyst reports. Wedbush lowered shares of United Microelectronics from an "outperform" rating to a "neutral" rating in a report on Wednesday, April 16th. Citigroup raised United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, March 21st. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $7.40.

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.