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

Cozad Asset Management Inc. lessened its position in shares of United Microelectronics Co. (NYSE:UMC) by 50.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,829 shares of the semiconductor company’s stock after selling 13,181 shares during the quarter. Cozad Asset Management Inc.’s holdings in United Microelectronics were worth $83,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fisher Asset Management LLC grew its position in shares of 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 worth $47,379,000 after buying an additional 237,024 shares during the period. State Street Corp grew its position in shares of United Microelectronics by 1.5% during the 3rd quarter. State Street Corp now owns 3,661,624 shares of the semiconductor company’s stock worth $30,831,000 after buying an additional 53,105 shares during the period. Barclays PLC grew its position in shares of United Microelectronics by 8.1% during the 3rd quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company’s stock worth $26,995,000 after buying an additional 240,380 shares during the period. Two Sigma Advisers LP grew its position in shares of 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 worth $10,774,000 after buying an additional 970,600 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of United Microelectronics by 16.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,186,187 shares of the semiconductor company’s stock worth $9,988,000 after buying an additional 168,399 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Stock Performance

NYSE UMC opened at $6.83 on Wednesday. The company has a fifty day simple moving average of $6.29 and a 200 day simple moving average of $7.02. United Microelectronics Co. has a 12-month low of $5.61 and a 12-month high of $9.00. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. The company has a market cap of $17.10 billion, a P/E ratio of 11.77, a PEG ratio of 4.44 and a beta of 1.20.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings results on Tuesday, January 21st. The semiconductor company reported $0.10 earnings per share (EPS) 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 business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business posted $5.30 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Sell-side analysts predict that United Microelectronics Co. will post 0.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded shares of United Microelectronics from a “buy” rating to a “sell” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, United Microelectronics currently has an average rating of “Hold” and an average price target of $7.40.

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.