BNP Paribas Financial Markets Sells 293,528 Shares of United Microelectronics Co. (NYSE:UMC)

BNP Paribas Financial Markets trimmed its holdings in United Microelectronics Co. (NYSE:UMC - Free Report) by 24.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 892,659 shares of the semiconductor company's stock after selling 293,528 shares during the period. BNP Paribas Financial Markets' holdings in United Microelectronics were worth $5,793,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Hsbc Holdings PLC acquired a new stake in shares of United Microelectronics during the 4th quarter valued at approximately $242,000. Dimensional Fund Advisors LP raised its position in shares of United Microelectronics by 20.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,288,513 shares of the semiconductor company's stock valued at $8,362,000 after acquiring an additional 214,783 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of United Microelectronics by 7.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 806,000 shares of the semiconductor company's stock valued at $6,787,000 after acquiring an additional 53,264 shares in the last quarter. Barclays PLC raised its position in shares of United Microelectronics by 8.1% during the 3rd quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company's stock valued at $26,995,000 after acquiring an additional 240,380 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of United Microelectronics by 6.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 83,851 shares of the semiconductor company's stock valued at $544,000 after acquiring an additional 5,377 shares in the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.

United Microelectronics Stock Down 0.1%

Shares of UMC traded down $0.01 during midday trading on Friday, reaching $7.84. 4,509,288 shares of the stock were exchanged, compared to its average volume of 12,695,871. United Microelectronics Co. has a 12-month low of $5.61 and a 12-month high of $9.00. The firm has a 50 day simple moving average of $6.91 and a 200-day simple moving average of $6.64. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16. The company has a market cap of $19.63 billion, a price-to-earnings ratio of 13.51, a P/E/G ratio of 4.44 and a beta of 1.13.

United Microelectronics (NYSE:UMC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $57.63 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. The business's revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 EPS. Research analysts forecast that United Microelectronics Co. will post 0.51 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on UMC shares. Citigroup upgraded United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, March 21st. Wedbush cut United Microelectronics from an "outperform" rating to a "neutral" rating in a research note on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.40.

United Microelectronics Company Profile

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.