United Microelectronics Co. (NYSE:UMC) Shares Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. raised its position in United Microelectronics Co. (NYSE:UMC - Free Report) by 517.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 275,701 shares of the semiconductor company's stock after purchasing an additional 231,051 shares during the period. Graham Capital Management L.P.'s holdings in United Microelectronics were worth $1,789,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UMC. Savant Capital LLC acquired a new position in United Microelectronics during the fourth quarter worth about $66,000. Verdence Capital Advisors LLC acquired a new position in shares of United Microelectronics during the 4th quarter worth approximately $69,000. Callan Family Office LLC purchased a new stake in shares of United Microelectronics in the fourth quarter valued at approximately $70,000. SBI Securities Co. Ltd. purchased a new position in United Microelectronics during the fourth quarter worth approximately $73,000. Finally, Natural Investments LLC purchased a new stake in United Microelectronics in the 4th quarter valued at $74,000. Institutional investors and hedge funds own 5.05% of the company's stock.

United Microelectronics Stock Performance

United Microelectronics stock traded up $0.09 during midday trading on Thursday, hitting $7.83. 6,393,662 shares of the company's stock were exchanged, compared to its average volume of 12,663,351. 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 stock has a market cap of $19.62 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth 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. The firm's 50 day simple moving average is $6.87 and its 200 day simple moving average is $6.64.

United Microelectronics (NYSE:UMC - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $57.63 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. United Microelectronics's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 EPS. Equities research analysts predict 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 analyst reports. Citigroup raised shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, March 21st. Wedbush cut United Microelectronics from an "outperform" rating to a "neutral" rating in a research note on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus 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.