Baird Financial Group Inc. lifted its stake in shares of United Microelectronics Co. (NYSE:UMC - Free Report) by 24.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 237,716 shares of the semiconductor company's stock after buying an additional 46,540 shares during the quarter. Baird Financial Group Inc.'s holdings in United Microelectronics were worth $1,543,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV raised its holdings in United Microelectronics by 4.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 35,848 shares of the semiconductor company's stock valued at $233,000 after acquiring an additional 1,599 shares in the last quarter. LPL Financial LLC lifted its position in shares of United Microelectronics by 3.3% in the 4th quarter. LPL Financial LLC now owns 61,852 shares of the semiconductor company's stock worth $401,000 after buying an additional 1,963 shares during the last quarter. Banque Pictet & Cie SA lifted its position in shares of United Microelectronics by 3.5% in the 4th quarter. Banque Pictet & Cie SA now owns 74,509 shares of the semiconductor company's stock worth $484,000 after buying an additional 2,500 shares during the last quarter. Freedom Investment Management Inc. boosted its holdings in shares of United Microelectronics by 14.7% in the 4th quarter. Freedom Investment Management Inc. now owns 23,139 shares of the semiconductor company's stock valued at $150,000 after buying an additional 2,969 shares during the period. Finally, PDS Planning Inc grew its position in shares of United Microelectronics by 5.5% during the 4th quarter. PDS Planning Inc now owns 57,828 shares of the semiconductor company's stock valued at $375,000 after buying an additional 3,001 shares during the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have issued reports on UMC. Citigroup raised shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a report 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $7.40.
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United Microelectronics Stock Performance
United Microelectronics stock traded down $0.01 during midday trading on Friday, reaching $7.84. 4,509,288 shares of the stock traded hands, compared to its average volume of 12,648,376. The firm has a fifty day moving average price of $6.89 and a two-hundred day moving average price of $6.64. United Microelectronics Co. has a fifty-two week low of $5.61 and a fifty-two week high of $9.00. The firm has a market cap of $19.63 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 4.44 and a beta of 1.13. 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 issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share (EPS) 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 business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $57.63 billion. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The business's quarterly revenue was up 1.9% on a year-over-year basis. On average, equities research analysts forecast that United Microelectronics Co. will post 0.51 earnings per share for the current year.
United Microelectronics Profile
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Free Report)
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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