LSV Asset Management Has $5.46 Million Holdings in United Microelectronics Corporation $UMC

LSV Asset Management increased its holdings in shares of United Microelectronics Corporation (NYSE:UMC) by 22.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 694,211 shares of the semiconductor company’s stock after buying an additional 128,600 shares during the quarter. LSV Asset Management’s holdings in United Microelectronics were worth $5,456,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC acquired a new stake in United Microelectronics during the 2nd quarter worth $27,000. TD Private Client Wealth LLC acquired a new stake in United Microelectronics during the 4th quarter worth $32,000. Mirae Asset Global Investments Co. Ltd. raised its stake in United Microelectronics by 313.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,265 shares of the semiconductor company’s stock worth $32,000 after buying an additional 3,234 shares during the period. Allworth Financial LP raised its stake in United Microelectronics by 20.5% during the 4th quarter. Allworth Financial LP now owns 8,817 shares of the semiconductor company’s stock worth $69,000 after buying an additional 1,498 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in United Microelectronics during the 4th quarter worth $82,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

Wall Street Analysts Forecast Growth

UMC has been the topic of several research analyst reports. BNP Paribas Exane raised United Microelectronics from an “underperform” rating to a “neutral” rating and set a $8.60 price objective on the stock in a research note on Tuesday, March 31st. Wall Street Zen raised United Microelectronics from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of United Microelectronics in a research note on Thursday, January 29th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, United Microelectronics currently has an average rating of “Reduce” and a consensus target price of $8.60.

United Microelectronics Price Performance

UMC stock opened at $21.08 on Wednesday. The stock has a 50-day moving average price of $12.30 and a two-hundred day moving average price of $10.10. The stock has a market cap of $53.07 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 2.15 and a beta of 1.41. The company has a current ratio of 2.72, a quick ratio of 2.23 and a debt-to-equity ratio of 0.12. United Microelectronics Corporation has a 1 year low of $6.56 and a 1 year high of $21.52.

United Microelectronics (NYSE:UMC) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.92 billion. United Microelectronics had a return on equity of 13.67% and a net margin of 20.71%. Equities analysts forecast that United Microelectronics Corporation will post 0.7 EPS for the current fiscal year.

United Microelectronics Profile

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed (NYSE: UMC) and focuses on high-reliability manufacturing rather than branding consumer products.

UMC’s core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.