United Microelectronics Corporation (UMC) Stake Lessened by Northern Trust Corp

Northern Trust Corp lessened its stake in United Microelectronics Corporation (NYSE:UMC) by 41.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,835,109 shares of the semiconductor company’s stock after selling 1,294,761 shares during the quarter. Northern Trust Corp owned approximately 0.08% of United Microelectronics Corporation worth $4,478,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of UMC. Wellington Management Group LLP acquired a new stake in shares of United Microelectronics Corporation in the 1st quarter valued at about $130,000. Vanguard Group Inc. raised its stake in shares of United Microelectronics Corporation by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 32,711,892 shares of the semiconductor company’s stock valued at $63,134,000 after purchasing an additional 1,306,206 shares in the last quarter. UBS Group AG raised its stake in shares of United Microelectronics Corporation by 40.5% in the 1st quarter. UBS Group AG now owns 114,080 shares of the semiconductor company’s stock valued at $220,000 after purchasing an additional 32,884 shares in the last quarter. Morgan Stanley raised its stake in shares of United Microelectronics Corporation by 9,690.5% in the 1st quarter. Morgan Stanley now owns 6,128,440 shares of the semiconductor company’s stock valued at $11,827,000 after purchasing an additional 6,065,844 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of United Microelectronics Corporation by 17.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,969,875 shares of the semiconductor company’s stock valued at $3,802,000 after purchasing an additional 287,826 shares in the last quarter. Institutional investors and hedge funds own 5.95% of the company’s stock.

A number of equities research analysts have recently issued reports on UMC shares. BidaskClub lowered shares of United Microelectronics Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Daiwa Capital Markets downgraded shares of United Microelectronics Corporation from a “hold” rating to an “underperform” rating in a research report on Wednesday, July 26th. Citigroup Inc. downgraded shares of United Microelectronics Corporation from a “neutral” rating to a “sell” rating in a research report on Wednesday, July 26th. downgraded shares of United Microelectronics Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Finally, Credit Suisse Group downgraded shares of United Microelectronics Corporation from a “neutral” rating to an “underperform” rating in a research report on Thursday, July 27th. Eight equities research analysts have rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. United Microelectronics Corporation presently has a consensus rating of “Hold” and an average target price of $2.10.

Shares of United Microelectronics Corporation (NYSE:UMC) opened at $2.59 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 1.51. United Microelectronics Corporation has a 1 year low of $1.74 and a 1 year high of $2.73. The firm has a market cap of $6,332.20, a PE ratio of 18.50 and a beta of 0.56.

ILLEGAL ACTIVITY WARNING: “United Microelectronics Corporation (UMC) Stake Lessened by Northern Trust Corp” was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this news story can be viewed at https://sportsperspectives.com/2017/11/20/united-microelectronics-corporation-umc-stake-lessened-by-northern-trust-corp.html.

About United Microelectronics Corporation

United Microelectronics Corporation is a global semiconductor foundry. The Company provides integrated circuit (IC) production for applications spanning every sector of the electronics industry. The Company operates through two segments: wafer fabrication and new business. The primary operating activity of the Company’s wafer fabrication segment is the manufacture of chips to the design specifications of its customers by using its own processes and techniques.

Institutional Ownership by Quarter for United Microelectronics Corporation (NYSE:UMC)

Receive News & Ratings for United Microelectronics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Microelectronics Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply