Aigen Investment Management LP Acquires Shares of 204,666 United Microelectronics Co. (NYSE:UMC)

Aigen Investment Management LP acquired a new stake in shares of United Microelectronics Co. (NYSE:UMC) during the 4th quarter, Holdings Channel.com reports. The fund acquired 204,666 shares of the semiconductor company’s stock, valued at approximately $1,328,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC raised its position in shares of United Microelectronics by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 7,300,362 shares of the semiconductor company’s stock worth $47,379,000 after purchasing an additional 237,024 shares during the period. State Street Corp raised its position in shares of United Microelectronics by 1.5% during the 3rd quarter. State Street Corp now owns 3,661,624 shares of the semiconductor company’s stock worth $30,831,000 after purchasing an additional 53,105 shares during the period. Barclays PLC raised its position in shares of United Microelectronics by 8.1% during the 3rd quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company’s stock worth $26,995,000 after purchasing an additional 240,380 shares during the period. Two Sigma Advisers LP raised its position in shares of United Microelectronics by 314.1% during the 3rd quarter. Two Sigma Advisers LP now owns 1,279,600 shares of the semiconductor company’s stock worth $10,774,000 after purchasing an additional 970,600 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of United Microelectronics by 16.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,186,187 shares of the semiconductor company’s stock worth $9,988,000 after purchasing an additional 168,399 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Trading Up 2.2 %

NYSE:UMC opened at $6.80 on Thursday. The stock has a market cap of $17.03 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 4.44 and a beta of 1.20. 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 business has a fifty day moving average of $6.26 and a 200-day moving average of $7.16.

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 analysts’ consensus estimates of $0.13 by ($0.03). United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company earned $5.30 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts predict that United Microelectronics Co. will post 0.51 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UMC. Citigroup cut United Microelectronics from a “buy” rating to a “sell” rating in a research report on Tuesday, January 21st. StockNews.com cut United Microelectronics from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, United Microelectronics has a consensus rating of “Hold” and an average target price of $7.40.

United Microelectronics 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.