14,174 Shares in United Microelectronics Co. (NYSE:UMC) Acquired by Private Advisor Group LLC

Private Advisor Group LLC acquired a new stake in United Microelectronics Co. (NYSE:UMC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 14,174 shares of the semiconductor company’s stock, valued at approximately $92,000.

Other hedge funds have also recently modified their holdings of the company. State Street Corp grew its position in United Microelectronics by 1.5% during the 3rd quarter. State Street Corp now owns 3,661,624 shares of the semiconductor company’s stock worth $30,831,000 after purchasing an additional 53,105 shares during the last quarter. Barclays PLC lifted its stake 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 valued at $26,995,000 after purchasing an additional 240,380 shares during the period. Two Sigma Advisers LP increased its holdings in United Microelectronics by 314.1% during the 3rd quarter. Two Sigma Advisers LP now owns 1,279,600 shares of the semiconductor company’s stock valued at $10,774,000 after acquiring an additional 970,600 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in United Microelectronics by 16.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,186,187 shares of the semiconductor company’s stock valued at $9,988,000 after acquiring an additional 168,399 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of United Microelectronics by 7.1% during 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. 5.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on UMC shares. StockNews.com downgraded shares of United Microelectronics from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Citigroup lowered shares of United Microelectronics from a “buy” rating to a “sell” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $7.40.

United Microelectronics Price Performance

UMC stock opened at $6.75 on Friday. 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 Co. has a one year low of $5.61 and a one year high of $9.00. The firm has a market capitalization of $16.90 billion, a PE ratio of 11.63, a P/E/G ratio of 4.44 and a beta of 1.20. The firm has a 50-day moving average of $6.26 and a two-hundred day moving average of $7.15.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings data on Tuesday, January 21st. The semiconductor company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 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 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $5.30 earnings per share. On average, analysts forecast that United Microelectronics Co. will post 0.51 earnings per share for the current 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.