Laird Norton Wetherby Wealth Management LLC lessened its holdings in shares of United Microelectronics Co. (NYSE:UMC - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 290,920 shares of the semiconductor company's stock after selling 49,154 shares during the quarter. Laird Norton Wetherby Wealth Management LLC's holdings in United Microelectronics were worth $1,888,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Northern Trust Corp boosted its position in shares of United Microelectronics by 238.8% during the 4th quarter. Northern Trust Corp now owns 3,184,444 shares of the semiconductor company's stock worth $20,667,000 after purchasing an additional 2,244,574 shares during the period. Renaissance Technologies LLC purchased a new position in United Microelectronics in the fourth quarter valued at $12,768,000. JPMorgan Chase & Co. boosted its holdings in United Microelectronics by 150.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,021,849 shares of the semiconductor company's stock valued at $13,122,000 after purchasing an additional 1,215,849 shares during the period. AQR Capital Management LLC raised its stake in United Microelectronics by 958.3% in the fourth quarter. AQR Capital Management LLC now owns 982,840 shares of the semiconductor company's stock valued at $6,379,000 after buying an additional 889,972 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in United Microelectronics by 4.9% in the fourth quarter. Vanguard Group Inc. now owns 15,947,754 shares of the semiconductor company's stock valued at $103,501,000 after buying an additional 750,472 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company's stock.
United Microelectronics Price Performance
UMC stock traded up $0.09 on Thursday, reaching $7.83. The company had a trading volume of 6,393,662 shares, compared to its average volume of 12,680,932. United Microelectronics Co. has a 1 year low of $5.61 and a 1 year 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. The company's fifty day moving average is $6.87 and its 200 day moving average is $6.64. The company has a market cap of $19.62 billion, a P/E ratio of 13.50, a PEG ratio of 4.44 and a beta of 1.13.
United Microelectronics (NYSE:UMC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business 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 company's revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 earnings per share. On average, research analysts forecast that United Microelectronics Co. will post 0.51 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts have recently commented on UMC shares. Citigroup upgraded United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, March 21st. Wedbush cut United Microelectronics from an "outperform" rating to a "neutral" rating in a research report on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $7.40.
View Our Latest Report on United Microelectronics
United Microelectronics Company Profile
(
Free Report)
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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