United Microelectronics Corporation $UMC Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its holdings in shares of United Microelectronics Corporation (NYSE:UMC) by 79.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 259,953 shares of the semiconductor company’s stock after selling 1,021,224 shares during the period. Crossmark Global Holdings Inc.’s holdings in United Microelectronics were worth $1,970,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Xponance Inc. boosted its stake in United Microelectronics by 8.2% during the 3rd quarter. Xponance Inc. now owns 19,110 shares of the semiconductor company’s stock worth $145,000 after purchasing an additional 1,445 shares during the period. Osaic Holdings Inc. increased its stake in United Microelectronics by 11.5% in the second quarter. Osaic Holdings Inc. now owns 14,756 shares of the semiconductor company’s stock valued at $113,000 after purchasing an additional 1,516 shares during the period. Cibc World Market Inc. raised its holdings in shares of United Microelectronics by 8.9% in the third quarter. Cibc World Market Inc. now owns 19,307 shares of the semiconductor company’s stock valued at $146,000 after buying an additional 1,575 shares during the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of United Microelectronics by 9.3% in the second quarter. Crestwood Advisors Group LLC now owns 19,614 shares of the semiconductor company’s stock valued at $150,000 after buying an additional 1,663 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its stake in shares of United Microelectronics by 12.3% during the third quarter. Hennessy Advisors Inc. now owns 16,741 shares of the semiconductor company’s stock worth $127,000 after buying an additional 1,833 shares during the period. Hedge funds and other institutional investors own 5.05% of the company’s stock.

United Microelectronics Stock Down 1.4%

Shares of NYSE:UMC opened at $9.61 on Monday. United Microelectronics Corporation has a fifty-two week low of $5.71 and a fifty-two week high of $12.68. The company has a quick ratio of 1.91, a current ratio of 2.34 and a debt-to-equity ratio of 0.12. The firm’s 50-day simple moving average is $9.78 and its 200-day simple moving average is $8.23. The company has a market cap of $24.14 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 5.10 and a beta of 1.08.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.93 billion. United Microelectronics had a net margin of 17.60% and a return on equity of 11.45%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. As a group, equities research analysts predict that United Microelectronics Corporation will post 0.51 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UMC. BNP Paribas Exane upgraded United Microelectronics to a “strong-buy” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of United Microelectronics in a research report on Thursday, January 29th. Bank of America downgraded United Microelectronics from a “buy” rating to an “underperform” rating in a research note on Wednesday, November 12th. Finally, Wall Street Zen lowered United Microelectronics from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8.60.

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.