O Shaughnessy Asset Management LLC Decreases Position in United Microelectronics Co. (NYSE:UMC)

O Shaughnessy Asset Management LLC decreased its position in shares of United Microelectronics Co. (NYSE:UMC) by 19.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 294,810 shares of the semiconductor company’s stock after selling 70,542 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in United Microelectronics were worth $1,913,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in UMC. LPL Financial LLC boosted its stake in United Microelectronics by 3.3% during the 4th quarter. LPL Financial LLC now owns 61,852 shares of the semiconductor company’s stock valued at $401,000 after purchasing an additional 1,963 shares during the last quarter. Banque Pictet & Cie SA boosted its position in shares of United Microelectronics by 3.5% during the fourth quarter. Banque Pictet & Cie SA now owns 74,509 shares of the semiconductor company’s stock valued at $484,000 after buying an additional 2,500 shares during the last quarter. DGS Capital Management LLC increased its holdings in United Microelectronics by 2.7% in the 3rd quarter. DGS Capital Management LLC now owns 104,271 shares of the semiconductor company’s stock worth $878,000 after buying an additional 2,712 shares in the last quarter. PDS Planning Inc raised its position in United Microelectronics by 5.5% in the 4th quarter. PDS Planning Inc now owns 57,828 shares of the semiconductor company’s stock worth $375,000 after buying an additional 3,001 shares during the last quarter. Finally, Caprock Group LLC lifted its stake in United Microelectronics by 2.4% during the 4th quarter. Caprock Group LLC now owns 129,033 shares of the semiconductor company’s stock valued at $837,000 after acquiring an additional 3,013 shares during the period. Institutional investors own 5.05% of the company’s stock.

United Microelectronics Stock Performance

UMC stock opened at $6.25 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. United Microelectronics Co. has a 1 year low of $5.61 and a 1 year high of $9.00. The company has a market cap of $15.65 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 4.44 and a beta of 1.12. The stock’s fifty day moving average price is $6.43 and its 200-day moving average price is $6.88.

United Microelectronics (NYSE:UMC) last announced its earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share (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 firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the business posted $5.30 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities analysts forecast that United Microelectronics Co. will post 0.51 earnings per share for the current year.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of United Microelectronics from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, March 21st. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.40.

About United Microelectronics

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.