XTX Topco Ltd Reduces Stake in United Microelectronics Co. (NYSE:UMC)

XTX Topco Ltd decreased its holdings in United Microelectronics Co. (NYSE:UMC - Free Report) by 85.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,483 shares of the semiconductor company's stock after selling 193,965 shares during the quarter. XTX Topco Ltd's holdings in United Microelectronics were worth $217,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in United Microelectronics by 4.9% in the 4th 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. Fisher Asset Management LLC increased its stake in shares of United Microelectronics by 3.4% in the fourth quarter. Fisher Asset Management LLC now owns 7,300,362 shares of the semiconductor company's stock worth $47,379,000 after purchasing an additional 237,024 shares in the last quarter. Barclays PLC raised its position in shares of United Microelectronics by 10.7% during the 4th quarter. Barclays PLC now owns 3,547,867 shares of the semiconductor company's stock valued at $23,026,000 after purchasing an additional 341,937 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of United Microelectronics by 150.8% during the 4th 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 in the last quarter. Finally, Renaissance Technologies LLC bought a new position in United Microelectronics in the 4th quarter worth $12,768,000. 5.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UMC has been the topic of a number of recent analyst reports. Wedbush cut United Microelectronics from an "outperform" rating to a "neutral" rating in a report on Wednesday, April 16th. Citigroup raised United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, March 21st. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $7.40.

United Microelectronics Price Performance

UMC stock traded up $0.31 during mid-day trading on Friday, hitting $7.32. The company had a trading volume of 3,443,266 shares, compared to its average volume of 12,434,439. The company has a market capitalization of $18.33 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 4.44 and a beta of 1.12. The company has a 50-day moving average price of $6.70 and a 200 day moving average price of $6.66. 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 Co. has a 12-month low of $5.61 and a 12-month high of $9.00.

United Microelectronics (NYSE:UMC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $57.63 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. United Microelectronics's quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. On average, research analysts anticipate that United Microelectronics Co. will post 0.51 earnings per share for the current year.

United Microelectronics Company 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.