Blue Trust Inc. Buys 21,663 Shares of United Microelectronics Corporation $UMC

Blue Trust Inc. increased its stake in United Microelectronics Corporation (NYSE:UMC) by 27.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,341 shares of the semiconductor company’s stock after purchasing an additional 21,663 shares during the period. Blue Trust Inc.’s holdings in United Microelectronics were worth $760,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Citigroup Inc. grew its position in United Microelectronics by 3.4% during the first quarter. Citigroup Inc. now owns 6,030,617 shares of the semiconductor company’s stock valued at $43,119,000 after acquiring an additional 196,262 shares during the last quarter. Goldman Sachs Group Inc. grew its position in United Microelectronics by 10.5% during the first quarter. Goldman Sachs Group Inc. now owns 5,655,721 shares of the semiconductor company’s stock valued at $40,438,000 after acquiring an additional 537,777 shares during the last quarter. Northern Trust Corp grew its position in United Microelectronics by 4.7% during the first quarter. Northern Trust Corp now owns 3,335,080 shares of the semiconductor company’s stock valued at $23,846,000 after acquiring an additional 150,636 shares during the last quarter. Nomura Holdings Inc. grew its position in United Microelectronics by 360.1% during the first quarter. Nomura Holdings Inc. now owns 1,536,660 shares of the semiconductor company’s stock valued at $10,987,000 after acquiring an additional 1,202,660 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of United Microelectronics by 46.1% in the first quarter. AQR Capital Management LLC now owns 1,435,628 shares of the semiconductor company’s stock worth $10,265,000 after purchasing an additional 452,788 shares during the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

United Microelectronics Stock Performance

Shares of UMC stock opened at $7.20 on Friday. The stock has a fifty day moving average of $6.98 and a 200 day moving average of $7.24. United Microelectronics Corporation has a 52 week low of $5.61 and a 52 week high of $8.33. The firm has a market capitalization of $18.08 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 4.31 and a beta of 1.24. The company has a quick ratio of 1.46, a current ratio of 1.77 and a debt-to-equity ratio of 0.12.

United Microelectronics (NYSE:UMC) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $61.88 billion. United Microelectronics had a return on equity of 11.05% and a net margin of 16.71%.During the same period in the previous year, the business earned $0.17 EPS. As a group, research analysts expect that United Microelectronics Corporation will post 0.51 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of United Microelectronics in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7.40.

About United Microelectronics

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.