Eagle Asset Management Inc. Has $351,000 Stake in United Microelectronics Co. (NYSE:UMC)

Eagle Asset Management Inc. trimmed its position in shares of United Microelectronics Co. (NYSE:UMCFree Report) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,482 shares of the semiconductor company’s stock after selling 2,490 shares during the period. Eagle Asset Management Inc.’s holdings in United Microelectronics were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Adero Partners LLC acquired a new position in United Microelectronics during the fourth quarter worth $94,000. Capstone Investment Advisors LLC acquired a new position in shares of United Microelectronics in the fourth quarter valued at $5,860,000. Team Hewins LLC acquired a new position in shares of United Microelectronics in the fourth quarter valued at $144,000. TCW Group Inc. acquired a new position in shares of United Microelectronics in the fourth quarter valued at $1,094,000. Finally, US Bancorp DE increased its holdings in shares of United Microelectronics by 21.7% in the fourth quarter. US Bancorp DE now owns 124,503 shares of the semiconductor company’s stock valued at $1,053,000 after purchasing an additional 22,191 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

United Microelectronics Trading Up 2.3 %

UMC opened at $8.42 on Thursday. United Microelectronics Co. has a twelve month low of $6.71 and a twelve month high of $8.97. The company has a 50-day simple moving average of $8.09 and a 200 day simple moving average of $8.01. The company has a quick ratio of 1.93, a current ratio of 2.32 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $21.06 billion, a price-to-earnings ratio of 12.03, a P/E/G ratio of 2.88 and a beta of 1.20.

United Microelectronics (NYSE:UMCGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). United Microelectronics had a return on equity of 15.60% and a net margin of 24.79%. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. Analysts predict that United Microelectronics Co. will post 0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com downgraded shares of United Microelectronics from a “buy” rating to a “hold” rating in a report on Monday. Citigroup upgraded shares of United Microelectronics from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 24th.

View Our Latest Report on United Microelectronics

United Microelectronics Company Profile

(Free Report)

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, 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.

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Institutional Ownership by Quarter for United Microelectronics (NYSE:UMC)

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