BNP Paribas Financial Markets Increases Position in United Microelectronics Co. (NYSE:UMC)

BNP Paribas Financial Markets increased its position in shares of United Microelectronics Co. (NYSE:UMC) by 16.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,186,187 shares of the semiconductor company’s stock after acquiring an additional 168,399 shares during the quarter. BNP Paribas Financial Markets’ holdings in United Microelectronics were worth $9,988,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UMC. Marshall Wace LLP boosted its holdings in shares of United Microelectronics by 682.1% during the second quarter. Marshall Wace LLP now owns 5,248,227 shares of the semiconductor company’s stock worth $45,974,000 after purchasing an additional 4,577,177 shares during the last quarter. Genesis Investment Management LLP lifted its position in United Microelectronics by 81.7% during the second quarter. Genesis Investment Management LLP now owns 3,879,321 shares of the semiconductor company’s stock worth $33,983,000 after buying an additional 1,744,721 shares during the period. Acadian Asset Management LLC lifted its position in United Microelectronics by 114.4% during the second quarter. Acadian Asset Management LLC now owns 439,765 shares of the semiconductor company’s stock worth $3,849,000 after buying an additional 234,606 shares during the period. FMR LLC boosted its stake in United Microelectronics by 192.7% in the 3rd quarter. FMR LLC now owns 300,738 shares of the semiconductor company’s stock worth $2,532,000 after buying an additional 197,998 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in United Microelectronics by 6,339.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 137,808 shares of the semiconductor company’s stock valued at $1,160,000 after buying an additional 135,668 shares during the period. 5.05% of the stock is owned by hedge funds and other institutional investors.

United Microelectronics Stock Up 0.9 %

UMC opened at $6.75 on Monday. United Microelectronics Co. has a 1 year low of $6.63 and a 1 year high of $9.00. The firm has a 50 day moving average price of $7.56 and a 200 day moving average price of $8.13. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19. The company has a market cap of $16.92 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 3.27 and a beta of 1.20.

Analyst Ratings Changes

Several research analysts have recently weighed in on UMC shares. JPMorgan Chase & Co. lowered shares of United Microelectronics from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 30th. The Goldman Sachs Group downgraded shares of United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 price target on the stock. in a research note on Thursday, October 17th. Morgan Stanley cut shares of United Microelectronics from an “overweight” rating to an “equal weight” rating in a research note on Monday, October 28th. Finally, StockNews.com lowered United Microelectronics from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.40.

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.