United Microelectronics Co. (NYSE:UMC) Shares Sold by West Family Investments Inc.

West Family Investments Inc. reduced its position in shares of United Microelectronics Co. (NYSE:UMC) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 136,983 shares of the semiconductor company’s stock after selling 4,678 shares during the period. West Family Investments Inc.’s holdings in United Microelectronics were worth $889,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. boosted its stake in shares of United Microelectronics by 96.0% during the 3rd quarter. Victory Capital Management Inc. now owns 149,457 shares of the semiconductor company’s stock worth $1,258,000 after purchasing an additional 73,202 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of United Microelectronics by 7.1% during the 3rd 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. Two Sigma Advisers LP boosted its stake 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 purchasing an additional 970,600 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of United Microelectronics in the third quarter worth approximately $1,099,000. Finally, MML Investors Services LLC acquired a new stake in shares of United Microelectronics in the third quarter worth approximately $86,000. 5.05% of the stock is owned by institutional investors and hedge funds.

United Microelectronics Trading Down 2.1 %

Shares of UMC stock opened at $6.66 on Friday. The stock has a market cap of $16.68 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 4.44 and a beta of 1.20. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16. United Microelectronics Co. has a fifty-two week low of $5.61 and a fifty-two week high of $9.00. The firm’s 50 day moving average price is $6.26 and its two-hundred day moving average price is $7.16.

United Microelectronics (NYSE:UMC) last announced 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 business had revenue of $1.84 billion for 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 company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $5.30 earnings per share. On average, analysts anticipate that United Microelectronics Co. will post 0.51 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on UMC. Citigroup cut shares of United Microelectronics from a “buy” rating to a “sell” rating in a research report on Tuesday, January 21st. StockNews.com cut shares of United Microelectronics from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.