LSV Asset Management boosted its position in shares of United Microelectronics Corporation (NYSE:UMC – Free Report) by 22.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 694,211 shares of the semiconductor company’s stock after purchasing an additional 128,600 shares during the period. LSV Asset Management’s holdings in United Microelectronics were worth $5,456,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC bought a new position in shares of United Microelectronics in the 2nd quarter valued at about $27,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of United Microelectronics by 313.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,265 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 3,234 shares during the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of United Microelectronics in the fourth quarter valued at about $32,000. Allworth Financial LP increased its position in shares of United Microelectronics by 20.5% in the fourth quarter. Allworth Financial LP now owns 8,817 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 1,498 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of United Microelectronics in the fourth quarter valued at about $82,000. Institutional investors own 5.05% of the company’s stock.
United Microelectronics Price Performance
NYSE:UMC opened at $21.08 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.23 and a current ratio of 2.72. The stock’s 50-day simple moving average is $12.30 and its 200 day simple moving average is $10.10. The company has a market cap of $53.07 billion, a P/E ratio of 32.43, a P/E/G ratio of 2.15 and a beta of 1.41. United Microelectronics Corporation has a 52-week low of $6.56 and a 52-week high of $21.52.
Wall Street Analysts Forecast Growth
UMC has been the topic of a number of recent research reports. BNP Paribas Exane raised United Microelectronics from an “underperform” rating to a “neutral” rating and set a $8.60 target price on the stock in a research report on Tuesday, March 31st. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of United Microelectronics in a research report on Thursday, January 29th. Finally, Wall Street Zen raised United Microelectronics from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, United Microelectronics currently has an average rating of “Reduce” and a consensus target price of $8.60.
Read Our Latest Research Report on UMC
About United Microelectronics
United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed (NYSE: UMC) and focuses on high-reliability manufacturing rather than branding consumer products.
UMC’s core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.
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