18,690 Shares in United Microelectronics Co. (NYSE:UMC) Bought by R Squared Ltd

R Squared Ltd purchased a new stake in United Microelectronics Co. (NYSE:UMC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 18,690 shares of the semiconductor company’s stock, valued at approximately $121,000.

A number of other hedge funds also recently made changes to their positions in UMC. JPMorgan Chase & Co. increased its stake in United Microelectronics by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 806,000 shares of the semiconductor company’s stock valued at $6,787,000 after acquiring an additional 53,264 shares during the period. Victory Capital Management Inc. boosted its holdings in United Microelectronics by 96.0% during the third quarter. Victory Capital Management Inc. now owns 149,457 shares of the semiconductor company’s stock valued at $1,258,000 after purchasing an additional 73,202 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of United Microelectronics by 314.1% in 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 purchasing an additional 970,600 shares during the period. Verition Fund Management LLC acquired a new position in shares of United Microelectronics in the 3rd quarter worth approximately $1,099,000. Finally, MML Investors Services LLC bought a new position in shares of United Microelectronics during the 3rd quarter worth approximately $86,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Stock Up 1.5 %

Shares of NYSE:UMC opened at $5.83 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16. The firm has a market cap of $14.60 billion, a P/E ratio of 10.04, a P/E/G ratio of 3.88 and a beta of 1.17. United Microelectronics Co. has a 12 month low of $5.61 and a 12 month high of $9.00. The company’s 50-day moving average price is $6.45 and its two-hundred day moving average price is $7.48.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $5.30 EPS. As a group, research analysts forecast that United Microelectronics Co. will post 0.51 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on UMC. Morgan Stanley cut United Microelectronics from an “overweight” rating to an “equal weight” rating in a research report on Monday, October 28th. Citigroup cut shares of United Microelectronics from a “buy” rating to a “sell” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group lowered shares of United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 price target on the stock. in a research report on Thursday, October 17th. StockNews.com lowered shares of United Microelectronics from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Finally, JPMorgan Chase & Co. lowered United Microelectronics from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7.40.

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.