United Microelectronics Co. (NYSE:UMC) Shares Sold by Mariner LLC

Mariner LLC cut its stake in United Microelectronics Co. (NYSE:UMC - Free Report) by 30.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,648 shares of the semiconductor company's stock after selling 37,103 shares during the period. Mariner LLC's holdings in United Microelectronics were worth $562,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Savant Capital LLC purchased a new position in United Microelectronics during the 4th quarter valued at about $66,000. Verdence Capital Advisors LLC purchased a new position in shares of United Microelectronics during the 4th quarter worth approximately $69,000. Callan Family Office LLC acquired a new position in shares of United Microelectronics during the 4th quarter worth approximately $70,000. SBI Securities Co. Ltd. purchased a new stake in United Microelectronics in the 4th quarter valued at approximately $73,000. Finally, Natural Investments LLC acquired a new stake in United Microelectronics during the 4th quarter valued at $74,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

United Microelectronics Trading Up 4.6 %

Shares of UMC stock traded up $0.32 during trading hours on Friday, hitting $7.33. 13,062,385 shares of the company were exchanged, compared to its average volume of 12,492,150. United Microelectronics Co. has a 1 year low of $5.61 and a 1 year high of $9.00. The firm has a fifty day moving average of $6.72 and a 200 day moving average of $6.65. The firm has a market cap of $18.37 billion, a PE ratio of 12.64, a PEG ratio of 4.44 and a beta of 1.12. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16.

United Microelectronics (NYSE:UMC - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share 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 firm had revenue of $1.78 billion during the quarter, compared to analysts' expectations of $57.63 billion. During the same period last year, the business posted $0.13 earnings per share. The company's quarterly revenue was up 1.9% compared to the same quarter last year. Analysts expect that United Microelectronics Co. will post 0.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UMC. Citigroup raised United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a report on Friday, March 21st. Wedbush lowered shares of 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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.