United Microelectronics Co. (NYSE:UMC) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its holdings in United Microelectronics Co. (NYSE:UMC - Free Report) by 16.5% during the third quarter, according to 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 period. BNP Paribas Financial Markets' holdings in United Microelectronics were worth $9,988,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of United Microelectronics by 192.7% in the 3rd quarter. FMR LLC now owns 300,738 shares of the semiconductor company's stock valued at $2,532,000 after purchasing an additional 197,998 shares during the last quarter. Quantbot Technologies LP raised its holdings in United Microelectronics by 398.2% in the 3rd quarter. Quantbot Technologies LP now owns 163,657 shares of the semiconductor company's stock valued at $1,378,000 after buying an additional 130,809 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in United Microelectronics in the third quarter valued at about $345,000. Cerity Partners LLC boosted its stake in United Microelectronics by 90.5% during the third quarter. Cerity Partners LLC now owns 237,027 shares of the semiconductor company's stock worth $1,996,000 after buying an additional 112,624 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of United Microelectronics by 60.0% during the third quarter. Advisors Asset Management Inc. now owns 169,462 shares of the semiconductor company's stock valued at $1,427,000 after acquiring an additional 63,528 shares during the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

United Microelectronics Stock Up 1.2 %

NYSE:UMC traded up $0.08 during midday trading on Monday, reaching $6.83. The company had a trading volume of 12,956,747 shares, compared to its average volume of 10,285,645. United Microelectronics Co. has a 12-month low of $6.63 and a 12-month high of $9.00. The firm has a market capitalization of $17.12 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 3.27 and a beta of 1.20. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. The stock's fifty day simple moving average is $7.56 and its 200-day simple moving average is $8.13.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on UMC shares. StockNews.com lowered United Microelectronics from a "buy" rating to a "hold" rating in a research report on Sunday, November 17th. JPMorgan Chase & Co. lowered United Microelectronics from an "overweight" rating to a "neutral" rating in a research note on Wednesday, October 30th. Morgan Stanley cut United Microelectronics from an "overweight" rating to an "equal weight" rating in a report on Monday, October 28th. Finally, The Goldman Sachs Group cut 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 report on Thursday, October 17th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average 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.