United Microelectronics Co. (NYSE:UMC) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in United Microelectronics Co. (NYSE:UMC - Free Report) by 150.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,021,849 shares of the semiconductor company's stock after purchasing an additional 1,215,849 shares during the period. JPMorgan Chase & Co. owned approximately 0.08% of United Microelectronics worth $13,122,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of United Microelectronics by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 15,947,754 shares of the semiconductor company's stock worth $103,501,000 after acquiring an additional 750,472 shares during the period. Fisher Asset Management LLC raised its holdings in United Microelectronics by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 7,300,362 shares of the semiconductor company's stock worth $47,379,000 after purchasing an additional 237,024 shares during the period. State Street Corp boosted its position in United Microelectronics by 1.5% during the third quarter. State Street Corp now owns 3,661,624 shares of the semiconductor company's stock worth $30,831,000 after purchasing an additional 53,105 shares in the last quarter. Barclays PLC increased its position in shares of United Microelectronics by 8.1% in the third quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company's stock valued at $26,995,000 after buying an additional 240,380 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of United Microelectronics by 15.9% during the 4th quarter. Rhumbline Advisers now owns 757,913 shares of the semiconductor company's stock valued at $4,919,000 after buying an additional 104,232 shares in the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

United Microelectronics Price Performance

UMC stock traded down $0.05 during midday trading on Friday, reaching $6.81. The stock had a trading volume of 13,567,300 shares, compared to its average volume of 12,455,592. United Microelectronics Co. has a 52-week low of $5.61 and a 52-week high of $9.00. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. The company's fifty day simple moving average is $6.60 and its 200 day simple moving average is $6.74. The company has a market cap of $17.05 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 4.44 and a beta of 1.12.

United Microelectronics (NYSE:UMC - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.03). United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the prior year, the business posted $5.30 earnings per share. The business's quarterly revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts predict that United Microelectronics Co. will post 0.51 earnings per share for the current fiscal year.

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.