Tower Research Capital LLC TRC Has $673,000 Holdings in United Microelectronics Co. (NYSE:UMC)

Tower Research Capital LLC TRC raised its position in United Microelectronics Co. (NYSE:UMC - Free Report) by 697.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,713 shares of the semiconductor company's stock after purchasing an additional 90,703 shares during the quarter. Tower Research Capital LLC TRC's holdings in United Microelectronics were worth $673,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in United Microelectronics by 20.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,288,513 shares of the semiconductor company's stock worth $8,362,000 after acquiring an additional 214,783 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of United Microelectronics in the fourth quarter worth $949,000. Freedom Investment Management Inc. increased its holdings in United Microelectronics by 14.7% in the fourth quarter. Freedom Investment Management Inc. now owns 23,139 shares of the semiconductor company's stock valued at $150,000 after purchasing an additional 2,969 shares during the period. GeoWealth Management LLC raised its position in United Microelectronics by 236.3% during the 4th quarter. GeoWealth Management LLC now owns 13,518 shares of the semiconductor company's stock worth $88,000 after purchasing an additional 9,498 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings in United Microelectronics by 709.8% during the 4th quarter. Jump Financial LLC now owns 91,602 shares of the semiconductor company's stock worth $594,000 after buying an additional 80,291 shares during the period. 5.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UMC has been the subject of a number of analyst reports. Wedbush downgraded United Microelectronics from an "outperform" rating to a "neutral" rating in a research report on Wednesday, April 16th. Citigroup upgraded shares of 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $7.40.

United Microelectronics Trading Up 4.6 %

Shares of United Microelectronics stock traded up $0.32 on Friday, hitting $7.33. 13,062,385 shares of the company's stock traded hands, compared to its average volume of 12,502,304. The company has a market capitalization of $18.37 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 4.44 and a beta of 1.12. The company has a fifty day moving average of $6.72 and a two-hundred day moving average of $6.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. United Microelectronics Co. has a one year low of $5.61 and a one year high of $9.00.

United Microelectronics (NYSE:UMC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $57.63 billion. During the same period last year, the business earned $0.13 EPS. The business's quarterly revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts expect that United Microelectronics Co. will post 0.51 earnings per share for the current year.

United Microelectronics 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.