BNP Paribas Arbitrage SA grew its holdings in United Microelectronics Corporation (NYSE:UMC) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,831 shares of the semiconductor company’s stock after acquiring an additional 4,165 shares during the period. BNP Paribas Arbitrage SA’s holdings in United Microelectronics Corporation were worth $424,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Cypress Wealth Advisors LLC acquired a new position in shares of United Microelectronics Corporation in the first quarter worth $178,000. Envestnet Asset Management Inc. grew its stake in shares of United Microelectronics Corporation by 33.7% in the first quarter. Envestnet Asset Management Inc. now owns 130,348 shares of the semiconductor company’s stock worth $251,000 after acquiring an additional 32,857 shares in the last quarter. Morgan Stanley grew its stake in shares of United Microelectronics Corporation by 9,690.5% in the first quarter. Morgan Stanley now owns 6,128,440 shares of the semiconductor company’s stock worth $11,827,000 after acquiring an additional 6,065,844 shares in the last quarter. AXA acquired a new position in shares of United Microelectronics Corporation in the first quarter worth $154,000. Finally, Renaissance Technologies LLC grew its stake in shares of United Microelectronics Corporation by 22.4% in the first quarter. Renaissance Technologies LLC now owns 12,087,589 shares of the semiconductor company’s stock worth $23,329,000 after acquiring an additional 2,215,200 shares in the last quarter. Institutional investors and hedge funds own 5.35% of the company’s stock.

Several equities analysts have commented on UMC shares. BidaskClub upgraded shares of United Microelectronics Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Citigroup Inc. downgraded shares of United Microelectronics Corporation from a “neutral” rating to a “sell” rating in a research note on Wednesday, July 26th. Instinet downgraded shares of United Microelectronics Corporation from a “neutral” rating to a “reduce” rating in a research note on Monday, July 3rd. Deutsche Bank AG downgraded shares of United Microelectronics Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. Finally, Credit Suisse Group downgraded shares of United Microelectronics Corporation from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 27th. Eight analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. United Microelectronics Corporation presently has an average rating of “Hold” and a consensus price target of $2.10.

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United Microelectronics Corporation (UMC) opened at 2.61 on Friday. The firm has a market cap of $6.37 billion, a P/E ratio of 20.08 and a beta of 0.60. United Microelectronics Corporation has a 52 week low of $1.74 and a 52 week high of $2.73. The company’s 50 day moving average is $2.43 and its 200-day moving average is $2.16.

United Microelectronics Corporation (NYSE:UMC) last released its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. United Microelectronics Corporation had a net margin of 6.52% and a return on equity of 4.58%. The firm had revenue of $37.54 billion for the quarter, compared to the consensus estimate of $37.15 billion. During the same quarter in the previous year, the firm posted $0.37 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. Equities analysts expect that United Microelectronics Corporation will post $0.11 earnings per share for the current year.

About United Microelectronics Corporation

United Microelectronics Corporation is a global semiconductor foundry. The Company provides integrated circuit (IC) production for applications spanning every sector of the electronics industry. The Company operates through two segments: wafer fabrication and new business. The primary operating activity of the Company’s wafer fabrication segment is the manufacture of chips to the design specifications of its customers by using its own processes and techniques.

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

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