37,098 Shares in United Microelectronics Co. (NYSE:UMC) Bought by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in shares of United Microelectronics Co. (NYSE:UMC - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 37,098 shares of the semiconductor company's stock, valued at approximately $242,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake 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 buying an additional 214,783 shares in the last quarter. JPMorgan Chase & Co. raised its stake in United Microelectronics by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 806,000 shares of the semiconductor company's stock valued at $6,787,000 after buying an additional 53,264 shares during the last quarter. Barclays PLC grew its position in United Microelectronics by 8.1% during the 3rd quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company's stock worth $26,995,000 after purchasing an additional 240,380 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of United Microelectronics by 6.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 83,851 shares of the semiconductor company's stock valued at $544,000 after acquiring an additional 5,377 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in United Microelectronics by 178.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 383,842 shares of the semiconductor company's stock worth $2,506,000 after buying an additional 246,034 shares during the period. Institutional investors own 5.05% of the company's stock.

United Microelectronics Price Performance

UMC traded up $0.03 on Tuesday, hitting $7.74. 9,558,495 shares of the company were exchanged, compared to its average volume of 12,683,971. The business's fifty day moving average is $6.83 and its 200 day moving average is $6.62. The firm has a market capitalization of $19.40 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 4.44 and a beta of 1.13. United Microelectronics Co. has a fifty-two week low of $5.61 and a fifty-two week high of $9.00. 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 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 firm's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 EPS. As a group, sell-side analysts anticipate that United Microelectronics Co. will post 0.51 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Citigroup raised shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a report on Friday, March 21st. Wedbush cut shares of United Microelectronics from an "outperform" rating to a "neutral" rating in a research note on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average 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.