Tower Research Capital LLC TRC Purchases 90,703 Shares of United Microelectronics Co. (NYSE:UMC)

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

Other hedge funds also recently modified their holdings of the company. Savant Capital LLC bought a new position in United Microelectronics during the 4th quarter worth $66,000. Verdence Capital Advisors LLC acquired a new position in shares of United Microelectronics in the fourth quarter worth approximately $69,000. Callan Family Office LLC bought a new stake in United Microelectronics in the fourth quarter valued at approximately $70,000. SBI Securities Co. Ltd. bought a new stake in United Microelectronics during the fourth quarter valued at $73,000. Finally, Natural Investments LLC acquired a new position in shares of United Microelectronics in the 4th quarter valued at about $74,000. Institutional investors and hedge funds own 5.05% of the company's stock.

United Microelectronics Stock Up 1.9 %

Shares of United Microelectronics stock traded up $0.13 during trading hours on Wednesday, reaching $7.05. The company's stock had a trading volume of 9,762,227 shares, compared to its average volume of 12,491,079. 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 stock's fifty day simple moving average is $6.68 and its two-hundred day simple moving average is $6.66. The company has a market capitalization of $17.67 billion, a P/E ratio of 12.16, a P/E/G ratio of 4.44 and a beta of 1.12. 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 released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The company had revenue of $1.78 billion for 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%. United Microelectronics's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. On average, research analysts forecast that United Microelectronics Co. will post 0.51 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on UMC. Wedbush lowered shares of United Microelectronics from an "outperform" rating to a "neutral" rating in a research note on Wednesday, April 16th. Citigroup upgraded United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, March 21st. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $7.40.

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.