Laird Norton Wetherby Wealth Management LLC Has $1.89 Million Stake in United Microelectronics Co. (NYSE:UMC)

Laird Norton Wetherby Wealth Management LLC reduced its stake in shares of United Microelectronics Co. (NYSE:UMC - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent 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 period. 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 large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of United Microelectronics by 4.9% in the 4th 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 in the last quarter. Fisher Asset Management LLC raised its position in shares of 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 acquiring an additional 237,024 shares in the last quarter. Barclays PLC raised its position in shares of United Microelectronics by 10.7% in the 4th quarter. Barclays PLC now owns 3,547,867 shares of the semiconductor company's stock worth $23,026,000 after acquiring an additional 341,937 shares in the last quarter. Northern Trust Corp raised its position in shares of United Microelectronics by 238.8% in the 4th quarter. Northern Trust Corp now owns 3,184,444 shares of the semiconductor company's stock worth $20,667,000 after acquiring an additional 2,244,574 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of United Microelectronics by 150.8% in the 4th quarter. JPMorgan Chase & Co. now owns 2,021,849 shares of the semiconductor company's stock worth $13,122,000 after acquiring an additional 1,215,849 shares in the last quarter. 5.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UMC. Wedbush lowered United Microelectronics from an "outperform" rating to a "neutral" rating in a research 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 investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $7.40.

United Microelectronics Stock Down 0.1%

United Microelectronics stock traded down $0.01 during midday trading on Friday, reaching $7.84. The stock had a trading volume of 4,509,288 shares, compared to its average volume of 12,695,871. United Microelectronics Co. has a 12 month low of $5.61 and a 12 month high of $9.00. The company has a market capitalization of $19.63 billion, a P/E ratio of 13.51, a PEG ratio of 4.44 and a beta of 1.13. The company has a fifty day moving average price of $6.91 and a two-hundred day moving average price of $6.64. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16.

United Microelectronics (NYSE:UMC - Get Free Report) last issued 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 net margin of 20.35% and a return on equity of 12.78%. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $57.63 billion. During the same period in the previous year, the firm earned $0.13 earnings per share. The business's quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities analysts expect that United Microelectronics Co. will post 0.51 EPS for the current fiscal year.

United Microelectronics Company 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.