XTX Topco Ltd Sells 193,965 Shares of United Microelectronics Co. (NYSE:UMC)

XTX Topco Ltd reduced its position in shares of United Microelectronics Co. (NYSE:UMC - Free Report) by 85.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UMC. JPMorgan Chase & Co. boosted its position in 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 purchasing an additional 53,264 shares during the last quarter. Barclays PLC boosted its holdings in shares of United Microelectronics by 8.1% in the third quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company's stock worth $26,995,000 after buying an additional 240,380 shares during the last quarter. PNC Financial Services Group Inc. grew its position in United Microelectronics by 6.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 83,851 shares of the semiconductor company's stock valued at $544,000 after buying an additional 5,377 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in 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 buying an additional 246,034 shares during the last quarter. Finally, Savant Capital LLC bought a new position in United Microelectronics in the fourth quarter worth approximately $66,000. 5.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

United Microelectronics Price Performance

Shares of NYSE UMC traded up $0.13 during mid-day trading on Wednesday, reaching $7.05. The company's stock had a trading volume of 9,762,227 shares, compared to its average volume of 12,469,164. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. United Microelectronics Co. has a 52 week low of $5.61 and a 52 week high of $9.00. The stock has a fifty day moving average of $6.68 and a two-hundred day moving average of $6.66. The firm has a market capitalization of $17.67 billion, a PE ratio of 12.16, a P/E/G ratio of 4.44 and a beta of 1.12.

United Microelectronics (NYSE:UMC - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $57.63 billion. During the same period last year, the business earned $0.13 earnings per share. The company's quarterly revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Microelectronics Co. will post 0.51 EPS 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.