United Microelectronics Co. (NYSE:UMC) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its position in shares of United Microelectronics Co. (NYSE:UMC - Free Report) by 32.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,972 shares of the semiconductor company's stock after selling 39,550 shares during the quarter. Envestnet Asset Management Inc.'s holdings in United Microelectronics were worth $538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of United Microelectronics by 8.1% during the 3rd quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company's stock valued at $26,995,000 after purchasing an additional 240,380 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of United Microelectronics by 110.6% during the third quarter. Tidal Investments LLC now owns 115,287 shares of the semiconductor company's stock valued at $971,000 after acquiring an additional 60,533 shares during the last quarter. Synovus Financial Corp purchased a new position in United Microelectronics in the 3rd quarter valued at $89,000. JPMorgan Chase & Co. lifted its stake in shares of United Microelectronics by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 806,000 shares of the semiconductor company's stock worth $6,787,000 after buying an additional 53,264 shares in the last quarter. Finally, Ignite Planners LLC grew its position in shares of United Microelectronics by 8.2% in the fourth quarter. Ignite Planners LLC now owns 97,709 shares of the semiconductor company's stock valued at $642,000 after purchasing an additional 7,406 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on UMC. Citigroup raised United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, March 21st. Wedbush lowered United Microelectronics from an "outperform" rating to a "neutral" rating in a research report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Microelectronics has a consensus rating of "Hold" and a consensus target price of $7.40.

United Microelectronics Stock Up 1.3 %

Shares of UMC stock traded up $0.09 on Wednesday, reaching $7.49. 11,902,375 shares of the stock were exchanged, compared to its average volume of 12,519,653. The business's 50 day moving average price is $6.75 and its 200 day moving average price is $6.64. The company has a market capitalization of $18.78 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 4.44 and a beta of 1.13. United Microelectronics Co. has a twelve month low of $5.61 and a twelve month high of $9.00. 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 announced its 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). United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $57.63 billion. During the same period last year, the company earned $0.13 earnings per share. The firm's revenue for the quarter 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 fiscal 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.