Quadrant Capital Group LLC reduced its position in shares of United Microelectronics Corp (NYSE:UMC) by 2.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 297,623 shares of the semiconductor company’s stock after selling 8,004 shares during the quarter. Quadrant Capital Group LLC’s holdings in United Microelectronics were worth $654,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in UMC. Parallel Advisors LLC raised its stake in United Microelectronics by 175.9% during the 1st quarter. Parallel Advisors LLC now owns 16,565 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 10,560 shares during the period. CAPROCK Group Inc. acquired a new stake in United Microelectronics during the 2nd quarter valued at $31,000. Lindbrook Capital LLC raised its stake in United Microelectronics by 38.1% during the 1st quarter. Lindbrook Capital LLC now owns 19,461 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 5,367 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in United Microelectronics by 201.9% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 20,539 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 13,736 shares during the period. Finally, First Allied Advisory Services Inc. raised its stake in United Microelectronics by 150.2% during the 1st quarter. First Allied Advisory Services Inc. now owns 26,126 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 15,684 shares during the period. 5.29% of the stock is currently owned by institutional investors.
Shares of NYSE UMC traded down $0.02 during mid-day trading on Friday, reaching $2.07. The company had a trading volume of 591,864 shares, compared to its average volume of 604,929. United Microelectronics Corp has a twelve month low of $1.64 and a twelve month high of $2.89. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.95 and a quick ratio of 2.43. The firm has a market capitalization of $5.07 billion, a PE ratio of 52.25 and a beta of 0.94. The stock has a 50 day simple moving average of $2.17.
The business also recently declared an annual dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Tuesday, July 16th will be paid a $0.0936 dividend. This represents a dividend yield of 5.45%. The ex-dividend date of this dividend is Monday, July 15th.
A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of United Microelectronics from an “underweight” rating to a “neutral” rating in a research note on Wednesday, April 24th. Goldman Sachs Group assumed coverage on shares of United Microelectronics in a research note on Tuesday, May 7th. They issued a “sell” rating on the stock. Credit Suisse Group raised shares of United Microelectronics from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 24th. CLSA raised shares of United Microelectronics from a “sell” rating to an “outperform” rating in a research note on Tuesday, June 25th. Finally, ValuEngine raised shares of United Microelectronics from a “sell” rating to a “hold” rating in a research note on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $1.78.
United Microelectronics Profile
United Microelectronics Corporation provides semiconductor wafer foundry solutions. The company operates through Wafer Fabrication and New Business segments. It provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. The company also engages in the research, development, and manufacture of products in the solar energy and light-emitting diode industries.
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