Aquatic Capital Management LLC Boosts Stake in United Microelectronics Co. (NYSE:UMC)

Aquatic Capital Management LLC grew its position in United Microelectronics Co. (NYSE:UMC - Free Report) by 130.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 851,183 shares of the semiconductor company's stock after buying an additional 481,983 shares during the period. Aquatic Capital Management LLC's holdings in United Microelectronics were worth $5,524,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new stake in shares of United Microelectronics during the 4th quarter valued at $12,768,000. JPMorgan Chase & Co. raised its stake in United Microelectronics by 150.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,021,849 shares of the semiconductor company's stock valued at $13,122,000 after buying an additional 1,215,849 shares during the last quarter. Vanguard Group Inc. boosted its holdings in United Microelectronics by 4.9% in the fourth 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. Barclays PLC grew its stake in shares of United Microelectronics by 10.7% during the fourth 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of United Microelectronics by 178.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 383,842 shares of the semiconductor company's stock valued at $2,506,000 after acquiring an additional 246,034 shares in the last quarter. Hedge funds and other institutional investors own 5.05% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wedbush cut shares of United Microelectronics from an "outperform" rating to a "neutral" rating in a research note on Wednesday, April 16th. Citigroup raised shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a report on Friday, March 21st. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $7.40.

United Microelectronics Stock Performance

NYSE UMC traded up $0.31 on Friday, hitting $7.32. 7,247,417 shares of the company's stock traded hands, compared to its average volume of 12,448,557. The firm has a market capitalization of $18.33 billion, a PE ratio of 12.63, a P/E/G ratio of 4.44 and a beta of 1.12. United Microelectronics Co. has a 1-year low of $5.61 and a 1-year high of $9.00. The firm's 50-day moving average price is $6.70 and its two-hundred day moving average price is $6.66. 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 released its quarterly earnings data 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 net margin of 20.35% and a return on equity of 12.78%. The company had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $57.63 billion. During the same quarter in the previous year, the business posted $0.13 EPS. The business's quarterly revenue was up 1.9% on a year-over-year basis. As a group, analysts expect that United Microelectronics Co. will post 0.51 EPS 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.