Quadrant Capital Group LLC Sells 64,997 Shares of United Microelectronics Corporation $UMC

Quadrant Capital Group LLC cut its position in United Microelectronics Corporation (NYSE:UMC) by 16.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 332,605 shares of the semiconductor company’s stock after selling 64,997 shares during the period. Quadrant Capital Group LLC’s holdings in United Microelectronics were worth $2,521,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Xponance Inc. grew its holdings in shares of United Microelectronics by 8.2% in the 3rd quarter. Xponance Inc. now owns 19,110 shares of the semiconductor company’s stock valued at $145,000 after buying an additional 1,445 shares during the period. Osaic Holdings Inc. raised its stake in United Microelectronics by 11.5% during the 2nd quarter. Osaic Holdings Inc. now owns 14,756 shares of the semiconductor company’s stock worth $113,000 after buying an additional 1,516 shares during the period. Cibc World Market Inc. raised its stake in United Microelectronics by 8.9% during the 3rd quarter. Cibc World Market Inc. now owns 19,307 shares of the semiconductor company’s stock worth $146,000 after buying an additional 1,575 shares during the period. Hennessy Advisors Inc. lifted its holdings in United Microelectronics by 12.3% during the third quarter. Hennessy Advisors Inc. now owns 16,741 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 1,833 shares in the last quarter. Finally, Bridgewater Advisors Inc. lifted its holdings in United Microelectronics by 3.2% during the third quarter. Bridgewater Advisors Inc. now owns 77,989 shares of the semiconductor company’s stock worth $570,000 after acquiring an additional 2,395 shares in the last quarter. 5.05% of the stock is owned by institutional investors.

United Microelectronics Stock Up 2.4%

Shares of United Microelectronics stock opened at $9.71 on Thursday. The firm has a market cap of $24.38 billion, a PE ratio of 17.97, a P/E/G ratio of 5.04 and a beta of 1.08. The business’s 50 day simple moving average is $9.89 and its 200 day simple moving average is $8.28. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.91 and a current ratio of 2.34. United Microelectronics Corporation has a 52-week low of $5.71 and a 52-week high of $12.68.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. United Microelectronics had a net margin of 17.60% and a return on equity of 11.45%. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the business earned $0.10 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts predict that United Microelectronics Corporation will post 0.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on UMC. Wall Street Zen cut United Microelectronics from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of United Microelectronics in a research report on Thursday, January 29th. Bank of America cut United Microelectronics from a “buy” rating to an “underperform” rating in a report on Wednesday, November 12th. Finally, BNP Paribas Exane raised United Microelectronics to a “strong-buy” rating in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.60.

About United Microelectronics

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.