Eqis Capital Management Inc. Buys 12,581 Shares of United Microelectronics Corp (NYSE:UMC)

Eqis Capital Management Inc. grew its stake in United Microelectronics Corp (NYSE:UMC) by 54.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,554 shares of the semiconductor company’s stock after acquiring an additional 12,581 shares during the quarter. Eqis Capital Management Inc.’s holdings in United Microelectronics were worth $74,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of United Microelectronics by 20.8% in the 3rd quarter. Parallel Advisors LLC now owns 27,909 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 4,802 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of United Microelectronics by 17.0% in the 2nd quarter. Ballentine Partners LLC now owns 33,171 shares of the semiconductor company’s stock valued at $73,000 after acquiring an additional 4,819 shares during the last quarter. Morgan Stanley increased its stake in shares of United Microelectronics by 0.9% in the 2nd quarter. Morgan Stanley now owns 653,060 shares of the semiconductor company’s stock valued at $1,443,000 after acquiring an additional 5,848 shares during the last quarter. Citadel Advisors LLC increased its stake in United Microelectronics by 3.6% during the 2nd quarter. Citadel Advisors LLC now owns 175,717 shares of the semiconductor company’s stock worth $388,000 after purchasing an additional 6,084 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in United Microelectronics by 4.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 162,859 shares of the semiconductor company’s stock worth $360,000 after purchasing an additional 6,555 shares in the last quarter. 5.43% of the stock is owned by institutional investors.

NYSE UMC opened at $2.35 on Tuesday. The business has a 50 day simple moving average of $2.25 and a 200 day simple moving average of $2.14. United Microelectronics Corp has a 52-week low of $1.69 and a 52-week high of $2.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.32. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 39.50 and a beta of 0.91.

UMC has been the subject of a number of research reports. ValuEngine cut United Microelectronics from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Goldman Sachs Group raised United Microelectronics from a “sell” rating to a “neutral” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. United Microelectronics currently has a consensus rating of “Hold”.

United Microelectronics Company Profile

United Microelectronics Corporation provides semiconductor wafer foundry solutions. The company operates through Wafer Fabrication and New Business segments. It provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. The company also engages in the research, development, and manufacture of products in the solar energy and light-emitting diode industries.

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

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