Bank of New York Mellon Corp lowered its position in United Microelectronics Corp (NYSE:UMC) by 32.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,420,976 shares of the semiconductor company’s stock after selling 3,103,441 shares during the quarter. Bank of New York Mellon Corp owned about 0.26% of United Microelectronics worth $16,053,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bessemer Group Inc. grew its holdings in shares of United Microelectronics by 51.0% in the third quarter. Bessemer Group Inc. now owns 98,931 shares of the semiconductor company’s stock valued at $248,000 after purchasing an additional 33,426 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of United Microelectronics in the third quarter valued at about $466,000. Aperio Group LLC grew its holdings in shares of United Microelectronics by 0.6% in the third quarter. Aperio Group LLC now owns 10,003,599 shares of the semiconductor company’s stock valued at $25,009,000 after purchasing an additional 61,401 shares during the period. First Trust Advisors LP grew its holdings in shares of United Microelectronics by 111.4% in the third quarter. First Trust Advisors LP now owns 110,312 shares of the semiconductor company’s stock valued at $276,000 after purchasing an additional 58,119 shares during the period. Finally, State Street Corp grew its holdings in shares of United Microelectronics by 6.1% in the second quarter. State Street Corp now owns 2,744,618 shares of the semiconductor company’s stock valued at $6,698,000 after purchasing an additional 156,717 shares during the period. 5.79% of the stock is owned by hedge funds and other institutional investors.
Shares of United Microelectronics Corp (NYSE UMC) traded down $0.02 on Thursday, hitting $2.38. 1,050,814 shares of the company were exchanged, compared to its average volume of 988,227. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.51 and a quick ratio of 1.31. United Microelectronics Corp has a 12-month low of $1.76 and a 12-month high of $2.73. The stock has a market capitalization of $6,020.00, a price-to-earnings ratio of 18.31 and a beta of 0.56.
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United Microelectronics Profile
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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