Canopy Partners LLC Has $186,000 Stock Holdings in United Microelectronics Corporation $UMC

Canopy Partners LLC lessened its stake in United Microelectronics Corporation (NYSE:UMC) by 9.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 24,325 shares of the semiconductor company’s stock after selling 2,456 shares during the quarter. Canopy Partners LLC’s holdings in United Microelectronics were worth $186,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Citigroup Inc. increased its stake in United Microelectronics by 3.4% in the 1st quarter. Citigroup Inc. now owns 6,030,617 shares of the semiconductor company’s stock valued at $43,119,000 after buying an additional 196,262 shares during the period. Goldman Sachs Group Inc. increased its stake in United Microelectronics by 10.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,655,721 shares of the semiconductor company’s stock valued at $40,438,000 after buying an additional 537,777 shares during the period. Northern Trust Corp grew its position in United Microelectronics by 4.7% in the first quarter. Northern Trust Corp now owns 3,335,080 shares of the semiconductor company’s stock worth $23,846,000 after acquiring an additional 150,636 shares in the last quarter. Nomura Holdings Inc. grew its position in United Microelectronics by 360.1% in the first quarter. Nomura Holdings Inc. now owns 1,536,660 shares of the semiconductor company’s stock worth $10,987,000 after acquiring an additional 1,202,660 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in United Microelectronics by 46.1% in the first quarter. AQR Capital Management LLC now owns 1,435,628 shares of the semiconductor company’s stock worth $10,265,000 after acquiring an additional 452,788 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Price Performance

NYSE UMC opened at $7.55 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.46 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $6.96 and a 200 day simple moving average of $7.23. The company has a market cap of $18.97 billion, a P/E ratio of 15.41, a P/E/G ratio of 4.38 and a beta of 1.24. United Microelectronics Corporation has a 1 year low of $5.61 and a 1 year high of $8.33.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $61.88 billion. United Microelectronics had a return on equity of 11.05% and a net margin of 16.71%.During the same period in the prior year, the company posted $0.17 earnings per share. On average, sell-side analysts predict that United Microelectronics Corporation will post 0.51 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of United Microelectronics in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, United Microelectronics has a consensus rating of “Hold” and a consensus target price of $7.40.

United Microelectronics Company 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.