Mercer Global Advisors Inc. ADV Boosts Holdings in United Microelectronics Co. (NYSE:UMC)

Mercer Global Advisors Inc. ADV raised its holdings in shares of United Microelectronics Co. (NYSE:UMC) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,848 shares of the semiconductor company’s stock after acquiring an additional 1,599 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in United Microelectronics were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in UMC. Barclays PLC increased its holdings in United Microelectronics by 8.1% during the 3rd quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company’s stock valued at $26,995,000 after acquiring an additional 240,380 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of United Microelectronics by 42.4% during the 4th quarter. Blue Trust Inc. now owns 258,775 shares of the semiconductor company’s stock worth $1,679,000 after purchasing an additional 76,993 shares during the last quarter. R Squared Ltd acquired a new stake in shares of United Microelectronics during the 4th quarter worth about $121,000. First Affirmative Financial Network boosted its stake in shares of United Microelectronics by 74.7% during the 4th quarter. First Affirmative Financial Network now owns 23,693 shares of the semiconductor company’s stock worth $154,000 after purchasing an additional 10,131 shares during the last quarter. Finally, Caprock Group LLC boosted its stake in shares of United Microelectronics by 2.4% during the 4th quarter. Caprock Group LLC now owns 129,033 shares of the semiconductor company’s stock worth $837,000 after purchasing an additional 3,013 shares during the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

United Microelectronics Price Performance

UMC opened at $7.84 on Friday. The company’s 50 day simple moving average is $6.91 and its 200 day simple moving average is $6.65. 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 1 year low of $5.61 and a 1 year high of $9.00. The stock has a market capitalization of $19.63 billion, a PE ratio of 13.51, a P/E/G ratio of 4.44 and a beta of 1.13.

United Microelectronics (NYSE:UMC) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $57.63 billion. During the same period in the prior year, the business posted $0.13 earnings per share. United Microelectronics’s revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts expect that United Microelectronics Co. will post 0.51 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on UMC. Wedbush cut shares of United Microelectronics from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. Citigroup raised shares of United Microelectronics from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, March 21st. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, United Microelectronics has an average rating of “Hold” and an average target price of $7.40.

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.