Aigen Investment Management LP Purchases Shares of 204,666 United Microelectronics Co. (NYSE:UMC)

Aigen Investment Management LP purchased a new stake in shares of United Microelectronics Co. (NYSE:UMC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 204,666 shares of the semiconductor company’s stock, valued at approximately $1,328,000.

Several other institutional investors and hedge funds also recently modified their holdings of UMC. International Assets Investment Management LLC purchased a new stake in shares of United Microelectronics in the third quarter worth about $184,000. US Bancorp DE boosted its position in shares of United Microelectronics by 7.8% in the third quarter. US Bancorp DE now owns 162,954 shares of the semiconductor company’s stock worth $1,372,000 after buying an additional 11,722 shares during the period. QRG Capital Management Inc. boosted its position in shares of United Microelectronics by 30.5% in the third quarter. QRG Capital Management Inc. now owns 66,771 shares of the semiconductor company’s stock worth $562,000 after buying an additional 15,612 shares during the period. Assetmark Inc. purchased a new stake in shares of United Microelectronics in the third quarter worth about $37,000. Finally, Verus Capital Partners LLC purchased a new stake in shares of United Microelectronics in the third quarter worth about $497,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

Analyst Ratings Changes

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

United Microelectronics Trading Up 2.2 %

NYSE:UMC opened at $6.80 on Thursday. 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 Co. has a one year low of $5.61 and a one year high of $9.00. The business’s 50-day simple moving average is $6.26 and its 200 day simple moving average is $7.16. The stock has a market cap of $17.03 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 4.44 and a beta of 1.20.

United Microelectronics (NYSE:UMC) last released 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). United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm posted $5.30 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts predict 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.