United Microelectronics Co. (NYSE:UMC) Shares Purchased by First Affirmative Financial Network

First Affirmative Financial Network increased its position in shares of United Microelectronics Co. (NYSE:UMC) by 74.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,693 shares of the semiconductor company’s stock after purchasing an additional 10,131 shares during the period. First Affirmative Financial Network’s holdings in United Microelectronics were worth $154,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of UMC. Two Sigma Advisers LP increased its holdings in shares of 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 worth $10,774,000 after buying an additional 970,600 shares during the last quarter. Genesis Investment Management LLP increased its stake in United Microelectronics by 12.2% during the third quarter. Genesis Investment Management LLP now owns 4,353,325 shares of the semiconductor company’s stock worth $36,655,000 after acquiring an additional 474,004 shares during the last quarter. Barclays PLC increased its stake in United Microelectronics by 8.1% during the third quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company’s stock worth $26,995,000 after acquiring an additional 240,380 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of United Microelectronics in the 3rd quarter valued at $1,915,000. Finally, FMR LLC grew its holdings in shares of United Microelectronics by 192.7% during the 3rd quarter. FMR LLC now owns 300,738 shares of the semiconductor company’s stock worth $2,532,000 after purchasing an additional 197,998 shares during the period. 5.05% of the stock is owned by hedge funds and other institutional investors.

United Microelectronics Trading Up 1.5 %

NYSE UMC opened at $5.83 on Friday. United Microelectronics Co. has a one year low of $5.61 and a one year high of $9.00. The firm has a 50 day simple moving average of $6.45 and a 200-day simple moving average of $7.48. The firm has a market cap of $14.60 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 3.89 and a beta of 1.17. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). The business had revenue of $1.84 billion during 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%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $5.30 EPS. Equities research analysts anticipate that United Microelectronics Co. will post 0.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UMC shares. The Goldman Sachs Group lowered shares of United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 price objective on the stock. in a report on Thursday, October 17th. JPMorgan Chase & Co. lowered shares of United Microelectronics from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 30th. Morgan Stanley cut shares of United Microelectronics from an “overweight” rating to an “equal weight” rating in a research report on Monday, October 28th. Citigroup cut United Microelectronics from a “buy” rating to a “sell” rating in a research note on Tuesday, January 21st. Finally, StockNews.com cut United Microelectronics from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. One research 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 has an average rating of “Hold” and a consensus price target of $7.40.

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.