Citadel Advisors LLC cut its position in shares of United Microelectronics Co. (NYSE:UMC) by 63.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 94,452 shares of the semiconductor company’s stock after selling 164,836 shares during the quarter. Citadel Advisors LLC’s holdings in United Microelectronics were worth $226,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Aperio Group LLC raised its holdings in United Microelectronics by 1.1% in the 4th quarter. Aperio Group LLC now owns 10,112,040 shares of the semiconductor company’s stock valued at $24,168,000 after acquiring an additional 108,441 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of United Microelectronics by 116.6% in the 3rd quarter. Wells Fargo & Company MN now owns 5,998,324 shares of the semiconductor company’s stock valued at $14,995,000 after purchasing an additional 3,229,151 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of United Microelectronics by 141.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,044,109 shares of the semiconductor company’s stock valued at $12,055,000 after purchasing an additional 2,955,362 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of United Microelectronics by 3.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,254,236 shares of the semiconductor company’s stock valued at $10,635,000 after purchasing an additional 125,547 shares during the last quarter. Finally, State Street Corp increased its stake in shares of United Microelectronics by 6.1% in the 2nd quarter. State Street Corp now owns 2,744,618 shares of the semiconductor company’s stock valued at $6,698,000 after purchasing an additional 156,717 shares during the last quarter. Hedge funds and other institutional investors own 5.79% of the company’s stock.
NYSE UMC traded down $0.02 on Friday, hitting $2.56. 1,480,535 shares of the stock traded hands, compared to its average volume of 1,212,195. The firm has a market cap of $6,307.75, a price-to-earnings ratio of 19.85 and a beta of 0.55. United Microelectronics Co. has a 12 month low of $1.89 and a 12 month high of $2.73. The company has a current ratio of 1.51, a quick ratio of 1.31 and a debt-to-equity ratio of 0.24.
United Microelectronics (NYSE:UMC) last posted its earnings results on Wednesday, January 24th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter. United Microelectronics had a return on equity of 4.48% and a net margin of 6.43%. The firm had revenue of $1.23 billion for the quarter.
A number of equities research analysts recently weighed in on the company. HSBC raised United Microelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, January 24th. Credit Suisse Group raised United Microelectronics from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 24th. Seven analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $2.10.
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United Microelectronics Profile
United Microelectronics Corporation provides semiconductor wafer foundry solutions. It provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. The company also engages in the research, development, and manufacture of products in the solar energy and LED industries.
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