United Microelectronics Co. (NYSE:UMC) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its position in United Microelectronics Co. (NYSE:UMC - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,575,552 shares of the semiconductor company's stock after selling 511,345 shares during the period. Fisher Asset Management LLC owned approximately 0.26% of United Microelectronics worth $55,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC grew its stake in United Microelectronics by 26.5% during the third quarter. Commonwealth Equity Services LLC now owns 76,151 shares of the semiconductor company's stock valued at $538,000 after acquiring an additional 15,949 shares in the last quarter. SVB Wealth LLC grew its stake in United Microelectronics by 9.6% in the third quarter. SVB Wealth LLC now owns 63,048 shares of the semiconductor company's stock worth $445,000 after purchasing an additional 5,530 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of United Microelectronics by 5.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 48,665 shares of the semiconductor company's stock valued at $344,000 after buying an additional 2,403 shares during the period. Lindbrook Capital LLC raised its holdings in shares of United Microelectronics by 10.0% in the 3rd quarter. Lindbrook Capital LLC now owns 29,833 shares of the semiconductor company's stock valued at $211,000 after purchasing an additional 2,719 shares in the last quarter. Finally, Waldron Private Wealth LLC lifted its holdings in United Microelectronics by 50.6% during the third quarter. Waldron Private Wealth LLC now owns 16,235 shares of the semiconductor company's stock worth $114,000 after buying an additional 5,457 shares during the period. 5.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UMC. The Goldman Sachs Group downgraded United Microelectronics from a "buy" rating to a "neutral" rating and set a $8.90 price target on the stock. in a research note on Tuesday, January 16th. Citigroup upgraded United Microelectronics from a "neutral" rating to a "buy" rating in a research report on Wednesday, April 24th. Finally, HSBC upgraded shares of United Microelectronics from a "reduce" rating to a "hold" rating in a research report on Thursday, January 25th.

United Microelectronics Stock Up 4.0 %

Shares of NYSE:UMC traded up $0.31 during trading on Friday, hitting $8.15. The company's stock had a trading volume of 9,963,852 shares, compared to its average volume of 9,198,868. The business has a 50 day moving average price of $7.94 and a two-hundred day moving average price of $7.87. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.78 and a current ratio of 2.13. United Microelectronics Co. has a fifty-two week low of $6.71 and a fifty-two week high of $8.97. The company has a market capitalization of $20.38 billion, a PE ratio of 11.64, a P/E/G ratio of 2.27 and a beta of 1.20.

United Microelectronics (NYSE:UMC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). United Microelectronics had a return on equity of 15.97% and a net margin of 24.79%. The company had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.72 billion. As a group, research analysts expect that United Microelectronics Co. will post 0.59 EPS for the current fiscal year.

United Microelectronics Company Profile

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, 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.