United Microelectronics Corporation $UMC Shares Sold by Matthews International Capital Management LLC

Matthews International Capital Management LLC lessened its stake in United Microelectronics Corporation (NYSE:UMC) by 68.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 466,332 shares of the semiconductor company’s stock after selling 999,362 shares during the period. United Microelectronics accounts for 4.7% of Matthews International Capital Management LLC’s portfolio, making the stock its 6th largest holding. Matthews International Capital Management LLC’s holdings in United Microelectronics were worth $11,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of UMC. Dimensional Fund Advisors LP lifted its holdings in United Microelectronics by 13.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,849,737 shares of the semiconductor company’s stock worth $25,591,000 after buying an additional 333,011 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of United Microelectronics by 17.9% in the 1st quarter. Quantinno Capital Management LP now owns 710,604 shares of the semiconductor company’s stock valued at $6,381,000 after buying an additional 108,050 shares during the period. Ethic Inc. increased its stake in shares of United Microelectronics by 5.0% in the 3rd quarter. Ethic Inc. now owns 393,622 shares of the semiconductor company’s stock valued at $9,640,000 after buying an additional 18,762 shares during the period. Nykredit A S bought a new stake in shares of United Microelectronics during the second quarter worth $9,525,000. Finally, Wellington Management Group LLP raised its position in shares of United Microelectronics by 137.6% during the second quarter. Wellington Management Group LLP now owns 231,006 shares of the semiconductor company’s stock worth $6,286,000 after acquiring an additional 133,779 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Zacks Research lowered United Microelectronics from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. Arete Research upgraded United Microelectronics from a “neutral” rating to a “buy” rating in a research report on Monday, August 10th. Weiss Ratings lowered United Microelectronics from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, November 4th. Wall Street Zen cut United Microelectronics from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. Finally, HSBC upgraded shares of United Microelectronics from a “hold” rating to a “buy” rating and cut their target price for the company from $37.42 to $33.76 in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $36.79.

United Microelectronics Price Performance

UMC opened at $15.02 on Wednesday. The company has a fifty day moving average price of $21.06 and a two-hundred day moving average price of $17.20. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.75 and a current ratio of 3.27. United Microelectronics Corporation has a 52 week low of $6.97 and a 52 week high of $28.96. The firm has a market capitalization of $37.82 billion, a PE ratio of 13.79, a P/E/G ratio of 0.42 and a beta of 1.76.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings results on Wednesday, October 28th. The semiconductor company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.33 billion. United Microelectronics had a net margin of 31.96% and a return on equity of 20.12%. As a group, analysts anticipate that United Microelectronics Corporation will post 1.14 earnings per share for the current year.

United Microelectronics Profile

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that manufactures integrated circuits for other companies. It provides wafer fabrication and related services to fabless chip designers and integrated device manufacturers, rather than selling its own branded semiconductor products. Founded in 1980, UMC was Taiwan’s first semiconductor company. Its manufacturing and technology offerings serve applications including communications, consumer electronics, computing, automotive and industrial products.