Quadrant Capital Group LLC Has $2.52 Million Position in United Microelectronics Corporation $UMC

Quadrant Capital Group LLC lessened its holdings in shares of United Microelectronics Corporation (NYSE:UMC) by 16.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund 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.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UMC. Summit Global Investments acquired a new stake in United Microelectronics in the 3rd quarter valued at about $1,097,000. Vise Technologies Inc. bought a new position in shares of United Microelectronics in the second quarter worth about $1,474,000. North of South Capital LLP acquired a new position in shares of United Microelectronics during the third quarter worth approximately $948,000. West Family Investments Inc. lifted its position in shares of United Microelectronics by 37.2% during the second quarter. West Family Investments Inc. now owns 187,696 shares of the semiconductor company’s stock worth $1,436,000 after purchasing an additional 50,925 shares in the last quarter. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of United Microelectronics during the second quarter valued at approximately $475,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

United Microelectronics Trading Up 2.4%

NYSE:UMC opened at $9.71 on Thursday. The company has a current ratio of 2.34, a quick ratio of 1.91 and a debt-to-equity ratio of 0.12. United Microelectronics Corporation has a 1-year low of $5.71 and a 1-year high of $12.68. The firm has a market capitalization of $24.38 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 5.04 and a beta of 1.08. The business’s 50-day moving average price is $9.89 and its two-hundred day moving average price is $8.28.

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

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.