EntryPoint Capital LLC Purchases 8,176 Shares of United Microelectronics Co. (NYSE:UMC)

EntryPoint Capital LLC lifted its position in shares of United Microelectronics Co. (NYSE:UMC) by 39.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,916 shares of the semiconductor company’s stock after purchasing an additional 8,176 shares during the period. EntryPoint Capital LLC’s holdings in United Microelectronics were worth $188,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of UMC. Vanguard Group Inc. grew its position in shares of United Microelectronics by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 15,947,754 shares of the semiconductor company’s stock worth $103,501,000 after buying an additional 750,472 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in United Microelectronics by 3.4% in the fourth quarter. Fisher Asset Management LLC now owns 7,300,362 shares of the semiconductor company’s stock valued at $47,379,000 after acquiring an additional 237,024 shares in the last quarter. State Street Corp increased its position in United Microelectronics by 1.5% during the 3rd quarter. State Street Corp now owns 3,661,624 shares of the semiconductor company’s stock valued at $30,831,000 after purchasing an additional 53,105 shares during the period. Barclays PLC raised its holdings in United Microelectronics by 8.1% in 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 in the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of United Microelectronics by 314.1% in 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. 5.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Citigroup raised United Microelectronics from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, March 21st. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.40.

United Microelectronics Trading Down 1.4 %

Shares of NYSE UMC opened at $6.55 on Friday. The stock has a market cap of $16.41 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 4.44 and a beta of 1.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. United Microelectronics Co. has a 1 year low of $5.61 and a 1 year high of $9.00. The firm has a 50-day moving average of $6.35 and a 200 day moving average of $6.94.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm earned $5.30 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, sell-side analysts expect that United Microelectronics Co. will post 0.51 EPS for the current fiscal year.

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.