BNP Paribas Arbitrage SA Decreases Stock Holdings in United Microelectronics Co. (NYSE:UMC)

BNP Paribas Arbitrage SA trimmed its position in shares of United Microelectronics Co. (NYSE:UMC) by 39.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,475 shares of the semiconductor company’s stock after selling 2,905 shares during the period. BNP Paribas Arbitrage SA’s holdings in United Microelectronics were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of United Microelectronics during the 1st quarter worth approximately $317,000. Allianz Asset Management GmbH raised its holdings in shares of United Microelectronics by 14.8% during the 1st quarter. Allianz Asset Management GmbH now owns 243,061 shares of the semiconductor company’s stock worth $2,214,000 after acquiring an additional 31,321 shares in the last quarter. SevenOneSeven Capital Management purchased a new stake in shares of United Microelectronics during the 1st quarter worth approximately $219,000. Credit Suisse AG raised its holdings in shares of United Microelectronics by 27,223.6% during the 1st quarter. Credit Suisse AG now owns 5,382,483 shares of the semiconductor company’s stock worth $49,034,000 after acquiring an additional 5,362,784 shares in the last quarter. Finally, Ethic Inc. raised its holdings in shares of United Microelectronics by 12.4% during the 1st quarter. Ethic Inc. now owns 17,967 shares of the semiconductor company’s stock worth $164,000 after acquiring an additional 1,984 shares in the last quarter. 3.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of United Microelectronics stock opened at $10.16 on Thursday. United Microelectronics Co. has a 52 week low of $5.13 and a 52 week high of $12.61. The company has a quick ratio of 2.18, a current ratio of 2.44 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average is $11.27 and its two-hundred day moving average is $10.07. The company has a market capitalization of $25.20 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 0.88 and a beta of 1.06.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings results on Tuesday, July 27th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. United Microelectronics had a return on equity of 18.21% and a net margin of 22.71%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.82 billion. As a group, research analysts anticipate that United Microelectronics Co. will post 0.72 earnings per share for the current year.

Several equities analysts have recently weighed in on the company. Credit Suisse Group raised United Microelectronics from a “neutral” rating to an “outperform” rating in a research report on Wednesday, July 28th. Citigroup raised United Microelectronics from a “neutral” rating to a “buy” rating in a research report on Thursday, July 29th. Wedbush reissued an “outperform” rating on shares of United Microelectronics in a research report on Friday, July 9th. The Goldman Sachs Group raised United Microelectronics from a “buy” rating to a “conviction-buy” rating in a research report on Wednesday, July 28th. Finally, Zacks Investment Research raised United Microelectronics from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Thursday, September 30th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $10.15.

United Microelectronics Profile

United Microelectronics Corp. engages in the semiconductor foundry business. It offers complementary metal-oxide semiconductor logic wafers, mixed signal wafers, radio frequency complementary metal-oxide semiconductor wafers, embedded memory products, high voltage integrated circuits, and complementary metal-oxide semiconductor image sensors.

Further Reading: Liquidity

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Institutional Ownership by Quarter for United Microelectronics (NYSE:UMC)

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