Cozad Asset Management Inc. Has $83,000 Position in United Microelectronics Co. (NYSE:UMC)

Cozad Asset Management Inc. cut its stake in shares of United Microelectronics Co. (NYSE:UMC) by 50.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 12,829 shares of the semiconductor company’s stock after selling 13,181 shares during the period. Cozad Asset Management Inc.’s holdings in United Microelectronics were worth $83,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of UMC. Two Sigma Advisers LP lifted its stake in 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 valued at $10,774,000 after acquiring an additional 970,600 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in United Microelectronics by 178.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 383,842 shares of the semiconductor company’s stock valued at $2,506,000 after acquiring an additional 246,034 shares in the last quarter. Barclays PLC lifted its stake in United Microelectronics by 8.1% during the 3rd quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company’s stock valued at $26,995,000 after acquiring an additional 240,380 shares in the last quarter. Fisher Asset Management LLC lifted its stake in 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 valued at $47,379,000 after acquiring an additional 237,024 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in United Microelectronics during the 3rd quarter valued at $1,915,000. 5.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Citigroup cut United Microelectronics from a “buy” rating to a “sell” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, United Microelectronics currently has a consensus rating of “Hold” and an average target price of $7.40.

United Microelectronics Trading Up 1.9 %

NYSE UMC opened at $6.83 on Wednesday. The stock has a market capitalization of $17.10 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 4.44 and a beta of 1.20. United Microelectronics Co. has a one year low of $5.61 and a one 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 fifty day moving average is $6.29 and its 200-day moving average is $7.02.

United Microelectronics (NYSE:UMC) last released its 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). The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.30 earnings per share. Equities research analysts predict that United Microelectronics Co. will post 0.51 EPS for the current year.

About United Microelectronics

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.