United Microelectronics Co. (NYSE:UMC) Stock Position Increased by LSV Asset Management

LSV Asset Management boosted its position in shares of United Microelectronics Co. (NYSE:UMC) by 322.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 252,711 shares of the semiconductor company’s stock after buying an additional 192,900 shares during the quarter. LSV Asset Management’s holdings in United Microelectronics were worth $2,138,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Summit Global Investments bought a new position in shares of United Microelectronics during the 4th quarter valued at about $2,636,000. Intelligence Driven Advisers LLC boosted its holdings in United Microelectronics by 73.8% during the fourth quarter. Intelligence Driven Advisers LLC now owns 19,373 shares of the semiconductor company’s stock worth $149,000 after buying an additional 8,227 shares in the last quarter. Natixis Advisors L.P. grew its position in United Microelectronics by 10.9% in the fourth quarter. Natixis Advisors L.P. now owns 157,564 shares of the semiconductor company’s stock worth $1,332,000 after buying an additional 15,504 shares during the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of United Microelectronics by 14.0% in the fourth quarter. First Trust Direct Indexing L.P. now owns 189,129 shares of the semiconductor company’s stock valued at $1,600,000 after buying an additional 23,290 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of United Microelectronics by 13.7% during the 4th quarter. Victory Capital Management Inc. now owns 39,123 shares of the semiconductor company’s stock worth $331,000 after acquiring an additional 4,704 shares in the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UMC has been the subject of a number of recent analyst reports. Citigroup upgraded United Microelectronics from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 24th. HSBC upgraded shares of United Microelectronics from a “reduce” rating to a “hold” rating in a report on Thursday, January 25th. Finally, The Goldman Sachs Group downgraded shares of United Microelectronics from a “buy” rating to a “neutral” rating and set a $8.90 price target for the company. in a research report on Tuesday, January 16th.

United Microelectronics Stock Down 0.7 %

NYSE:UMC opened at $7.94 on Friday. United Microelectronics Co. has a 1-year low of $6.71 and a 1-year high of $8.97. The firm has a market capitalization of $19.86 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 2.36 and a beta of 1.20. The company has a current ratio of 2.13, a quick ratio of 1.78 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average price is $7.97 and its 200 day moving average price is $7.88.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.72 billion. United Microelectronics had a return on equity of 15.97% and a net margin of 24.79%. On average, sell-side analysts forecast that United Microelectronics Co. will post 0.59 earnings per share for the current fiscal year.

About United Microelectronics

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, 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.