TCW Group Inc. Has $695,000 Stock Position in United Microelectronics Co. (NYSE:UMC)

TCW Group Inc. decreased its stake in United Microelectronics Co. (NYSE:UMC) by 18.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 107,104 shares of the semiconductor company’s stock after selling 24,116 shares during the quarter. TCW Group Inc.’s holdings in United Microelectronics were worth $695,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. PDS Planning Inc raised its stake in shares of United Microelectronics by 4.5% in the 3rd quarter. PDS Planning Inc now owns 54,827 shares of the semiconductor company’s stock valued at $462,000 after acquiring an additional 2,374 shares in the last quarter. Banque Pictet & Cie SA grew its holdings in shares of United Microelectronics by 3.5% during the 4th quarter. Banque Pictet & Cie SA now owns 74,509 shares of the semiconductor company’s stock worth $484,000 after purchasing an additional 2,500 shares in the last quarter. DGS Capital Management LLC grew its holdings in shares of United Microelectronics by 2.7% during the 3rd quarter. DGS Capital Management LLC now owns 104,271 shares of the semiconductor company’s stock worth $878,000 after purchasing an additional 2,712 shares in the last quarter. Caprock Group LLC boosted its stake in United Microelectronics by 2.4% in the 4th quarter. Caprock Group LLC now owns 129,033 shares of the semiconductor company’s stock valued at $837,000 after buying an additional 3,013 shares in the last quarter. Finally, Assetmark Inc. acquired a new stake in United Microelectronics in the 3rd quarter valued at $37,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on UMC. Citigroup lowered United Microelectronics from a “buy” rating to a “sell” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. downgraded United Microelectronics from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com downgraded United Microelectronics from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Finally, Morgan Stanley downgraded United Microelectronics from an “overweight” rating to an “equal weight” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7.40.

United Microelectronics Stock Up 0.4 %

NYSE:UMC opened at $6.51 on Tuesday. United Microelectronics Co. has a 1 year low of $5.61 and a 1 year 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. The stock has a market cap of $16.30 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 4.44 and a beta of 1.15. The stock has a 50-day moving average price of $6.27 and a two-hundred day moving average price of $7.27.

United Microelectronics (NYSE:UMC) last posted 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 business 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 firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $5.30 earnings per share. As a group, equities analysts expect that United Microelectronics Co. will post 0.51 earnings per share for the current year.

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.