Generali Investments CEE investicni spolecnost a.s. Makes New Investment in United Microelectronics Co. (NYSE:UMC)

Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of United Microelectronics Co. (NYSE:UMC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 170,779 shares of the semiconductor company’s stock, valued at approximately $1,108,000.

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. grew its stake in shares of United Microelectronics by 96.0% in the third quarter. Victory Capital Management Inc. now owns 149,457 shares of the semiconductor company’s stock valued at $1,258,000 after buying an additional 73,202 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 buying an additional 53,264 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of United Microelectronics by 314.1% in the third quarter. Two Sigma Advisers LP now owns 1,279,600 shares of the semiconductor company’s stock valued at $10,774,000 after buying an additional 970,600 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of United Microelectronics in the third quarter valued at $1,099,000. Finally, MML Investors Services LLC acquired a new stake in shares of United Microelectronics in the third quarter valued at $86,000. 5.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on UMC shares. StockNews.com cut United Microelectronics from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Citigroup lowered United Microelectronics from a “buy” rating to a “sell” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $7.40.

United Microelectronics Trading Up 1.3 %

NYSE:UMC opened at $6.75 on Friday. The firm has a market cap of $16.90 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 4.44 and a beta of 1.20. The stock has a fifty day moving average price of $6.26 and a 200 day moving average price of $7.13. United Microelectronics Co. has a 12-month low of $5.61 and a 12-month high of $9.00. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16.

United Microelectronics (NYSE:UMC) last released its earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share (EPS) 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 analysts’ expectations of $1.86 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $5.30 earnings per share. Sell-side analysts anticipate that United Microelectronics Co. will post 0.51 earnings per share for the current fiscal year.

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.