Fisher Asset Management LLC Has $55.63 Million Stock Position in United Microelectronics Co. (NYSE:UMC)

Fisher Asset Management LLC lessened its position in shares of United Microelectronics Co. (NYSE:UMC) by 7.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,575,552 shares of the semiconductor company’s stock after selling 511,345 shares during the quarter. Fisher Asset Management LLC owned approximately 0.26% of United Microelectronics worth $55,629,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC bought a new stake in shares of United Microelectronics during the 4th quarter valued at about $5,671,000. Rhumbline Advisers boosted its holdings in shares of United Microelectronics by 16.5% during the 3rd quarter. Rhumbline Advisers now owns 889,156 shares of the semiconductor company’s stock worth $6,277,000 after buying an additional 125,903 shares in the last quarter. NewEdge Wealth LLC grew its position in shares of United Microelectronics by 46.4% during the 3rd quarter. NewEdge Wealth LLC now owns 259,465 shares of the semiconductor company’s stock worth $1,832,000 after buying an additional 82,245 shares during the period. Simon Quick Advisors LLC bought a new stake in shares of United Microelectronics in the 4th quarter valued at $109,000. Finally, Signaturefd LLC boosted its stake in United Microelectronics by 4.4% during the third quarter. Signaturefd LLC now owns 218,484 shares of the semiconductor company’s stock worth $1,542,000 after acquiring an additional 9,134 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

United Microelectronics Trading Up 4.0 %

NYSE:UMC opened at $8.15 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.13 and a quick ratio of 1.78. United Microelectronics Co. has a one year low of $6.71 and a one year high of $8.97. The company has a market cap of $20.38 billion, a PE ratio of 11.64, a PEG ratio of 2.27 and a beta of 1.20. The firm has a 50-day moving average of $7.94 and a 200-day moving average of $7.86.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). United Microelectronics had a return on equity of 15.97% and a net margin of 24.79%. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. As a group, equities research analysts expect that United Microelectronics Co. will post 0.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group downgraded shares of United Microelectronics from a “buy” rating to a “neutral” rating and set a $8.90 price target for the company. in a research note on Tuesday, January 16th. Citigroup raised United Microelectronics from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 24th. Finally, HSBC raised United Microelectronics from a “reduce” rating to a “hold” rating in a research report on Thursday, January 25th.

United Microelectronics Profile

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.