United Microelectronics Co. (NYSE:UMC) Shares Acquired by Northern Trust Corp

Northern Trust Corp lifted its stake in shares of United Microelectronics Co. (NYSE:UMC - Free Report) by 238.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,184,444 shares of the semiconductor company's stock after buying an additional 2,244,574 shares during the period. Northern Trust Corp owned approximately 0.13% of United Microelectronics worth $20,667,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Aquatic Capital Management LLC raised its position in United Microelectronics by 130.5% during the 4th quarter. Aquatic Capital Management LLC now owns 851,183 shares of the semiconductor company's stock worth $5,524,000 after buying an additional 481,983 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of United Microelectronics during the fourth quarter worth $242,000. Tower Research Capital LLC TRC lifted its position in United Microelectronics by 697.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 103,713 shares of the semiconductor company's stock valued at $673,000 after purchasing an additional 90,703 shares during the period. Dimensional Fund Advisors LP lifted its position in United Microelectronics by 20.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,288,513 shares of the semiconductor company's stock valued at $8,362,000 after purchasing an additional 214,783 shares during the period. Finally, First Trust Advisors LP purchased a new stake in United Microelectronics in the fourth quarter valued at $949,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UMC has been the subject of several analyst reports. Citigroup upgraded United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, March 21st. Wedbush downgraded United Microelectronics from an "outperform" rating to a "neutral" rating in a report on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $7.40.

United Microelectronics Trading Up 0.4%

Shares of United Microelectronics stock opened at $7.74 on Wednesday. The firm has a 50-day simple moving average of $6.85 and a two-hundred day simple moving average of $6.63. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19. United Microelectronics Co. has a fifty-two week low of $5.61 and a fifty-two week high of $9.00. The company has a market cap of $19.40 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 4.44 and a beta of 1.13.

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 for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $57.63 billion. During the same period in the previous year, the company posted $0.13 EPS. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities analysts predict that United Microelectronics Co. will post 0.51 earnings per share for the current fiscal year.

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.

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