Squarepoint Ops LLC Sells 131,311 Shares of United Microelectronics Corporation $UMC

Squarepoint Ops LLC lessened its holdings in shares of United Microelectronics Corporation (NYSE:UMC) by 46.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 148,637 shares of the semiconductor company’s stock after selling 131,311 shares during the quarter. Squarepoint Ops LLC’s holdings in United Microelectronics were worth $1,137,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC purchased a new stake in United Microelectronics in the second quarter worth about $27,000. Wealth Alliance LLC bought a new position in shares of United Microelectronics in the 2nd quarter worth approximately $77,000. Valeo Financial Advisors LLC bought a new position in shares of United Microelectronics in the 2nd quarter worth approximately $82,000. Trek Financial LLC purchased a new position in shares of United Microelectronics in the 2nd quarter valued at approximately $86,000. Finally, Viking Fund Management LLC bought a new stake in shares of United Microelectronics during the second quarter valued at approximately $92,000. Institutional investors own 5.05% of the company’s stock.

United Microelectronics Stock Up 0.6%

NYSE:UMC opened at $8.12 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.92 and a current ratio of 2.34. The firm has a market cap of $20.39 billion, a P/E ratio of 15.91, a P/E/G ratio of 4.11 and a beta of 1.12. United Microelectronics Corporation has a fifty-two week low of $5.61 and a fifty-two week high of $8.33. The firm has a 50-day simple moving average of $7.56 and a two-hundred day simple moving average of $7.38.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings results on Wednesday, October 29th. The semiconductor company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $58.25 billion. United Microelectronics had a net margin of 17.08% and a return on equity of 11.18%. During the same quarter in the prior year, the company posted $0.18 earnings per share. Analysts predict that United Microelectronics Corporation will post 0.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of United Microelectronics in a report on Wednesday, October 8th. Wall Street Zen cut United Microelectronics from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, Bank of America downgraded United Microelectronics from a “buy” rating to an “underperform” rating in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, United Microelectronics currently has a consensus rating of “Hold”.

United Microelectronics Company Profile

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed (NYSE: UMC) and focuses on high-reliability manufacturing rather than branding consumer products.

UMC’s core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.