United Microelectronics Corporation $UMC Shares Bought by Creative Planning

Creative Planning increased its position in United Microelectronics Corporation (NYSE:UMC) by 34.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,689,542 shares of the semiconductor company’s stock after acquiring an additional 428,522 shares during the period. Creative Planning owned approximately 0.07% of United Microelectronics worth $12,925,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UMC. Citigroup Inc. grew its holdings in United Microelectronics by 3.4% in the first quarter. Citigroup Inc. now owns 6,030,617 shares of the semiconductor company’s stock valued at $43,119,000 after purchasing an additional 196,262 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in United Microelectronics by 10.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,655,721 shares of the semiconductor company’s stock valued at $40,438,000 after acquiring an additional 537,777 shares during the last quarter. Northern Trust Corp grew its stake in United Microelectronics by 4.7% in the 1st quarter. Northern Trust Corp now owns 3,335,080 shares of the semiconductor company’s stock valued at $23,846,000 after acquiring an additional 150,636 shares during the last quarter. Nomura Holdings Inc. increased its holdings in United Microelectronics by 360.1% during the 1st quarter. Nomura Holdings Inc. now owns 1,536,660 shares of the semiconductor company’s stock valued at $10,987,000 after acquiring an additional 1,202,660 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in United Microelectronics by 46.1% during the first quarter. AQR Capital Management LLC now owns 1,435,628 shares of the semiconductor company’s stock worth $10,265,000 after acquiring an additional 452,788 shares during the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on UMC shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of United Microelectronics in a research report on Wednesday, October 8th. Wall Street Zen raised United Microelectronics from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Bank of America downgraded shares of United Microelectronics from a “buy” rating to an “underperform” rating in a research note on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

United Microelectronics Price Performance

UMC opened at $7.02 on Tuesday. United Microelectronics Corporation has a 1 year low of $5.61 and a 1 year high of $8.33. The company’s 50 day simple moving average is $7.34 and its 200 day simple moving average is $7.38. The stock has a market capitalization of $17.62 billion, a PE ratio of 13.76, a P/E/G ratio of 4.12 and a beta of 1.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.46 and a current ratio of 1.77.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings results on Wednesday, October 29th. The semiconductor company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $58.25 billion. United Microelectronics had a net margin of 17.08% and a return on equity of 11.36%. During the same quarter last year, the firm posted $0.18 earnings per share. As a group, sell-side analysts expect that United Microelectronics Corporation will post 0.51 EPS for the current year.

United Microelectronics 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.