Schroder Investment Management Group Sells 2,235 Shares of United Microelectronics Co. (NYSE:UMC)

Schroder Investment Management Group trimmed its position in shares of United Microelectronics Co. (NYSE:UMC) by 0.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,582,458 shares of the semiconductor company’s stock after selling 2,235 shares during the period. Schroder Investment Management Group owned 0.14% of United Microelectronics worth $23,322,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Savant Capital LLC bought a new position in shares of United Microelectronics in the fourth quarter worth about $66,000. MML Investors Services LLC purchased a new position in United Microelectronics in the 3rd quarter worth approximately $86,000. Synovus Financial Corp bought a new position in United Microelectronics in the 3rd quarter worth approximately $89,000. Verdence Capital Advisors LLC purchased a new stake in United Microelectronics during the 4th quarter valued at approximately $69,000. Finally, Callan Family Office LLC bought a new stake in shares of United Microelectronics during the fourth quarter valued at approximately $70,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

Analyst Upgrades and Downgrades

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

United Microelectronics Trading Down 3.4 %

Shares of NYSE UMC opened at $6.74 on Thursday. United Microelectronics Co. has a 1-year low of $5.61 and a 1-year high of $9.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. The business’s 50 day moving average is $6.41 and its two-hundred day moving average is $6.90. The stock has a market capitalization of $16.89 billion, a P/E ratio of 11.62, a PEG ratio of 4.44 and a beta of 1.20.

United Microelectronics (NYSE:UMC) last released its quarterly earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the company posted $5.30 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, research analysts expect that United Microelectronics Co. will post 0.51 EPS for the current year.

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.