Morgan Stanley Has $1.75 Million Stake in United Microelectronics Corp (UMC)

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Morgan Stanley lifted its holdings in shares of United Microelectronics Corp (NYSE:UMC) by 66.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 679,638 shares of the semiconductor company’s stock after buying an additional 272,394 shares during the quarter. Morgan Stanley’s holdings in United Microelectronics were worth $1,753,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of UMC. Canada Pension Plan Investment Board grew its holdings in United Microelectronics by 451.6% during the third quarter. Canada Pension Plan Investment Board now owns 206,910 shares of the semiconductor company’s stock valued at $534,000 after purchasing an additional 169,400 shares during the period. OZ Management LP grew its holdings in United Microelectronics by 52.6% during the third quarter. OZ Management LP now owns 1,893,222 shares of the semiconductor company’s stock valued at $4,885,000 after purchasing an additional 652,725 shares during the period. Macquarie Group Ltd. grew its holdings in United Microelectronics by 900.0% during the third quarter. Macquarie Group Ltd. now owns 100,000 shares of the semiconductor company’s stock valued at $258,000 after purchasing an additional 90,000 shares during the period. Highbridge Capital Management LLC acquired a new position in United Microelectronics during the third quarter valued at approximately $640,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in United Microelectronics by 952.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 206,343 shares of the semiconductor company’s stock valued at $532,000 after purchasing an additional 186,741 shares during the period. Institutional investors own 5.20% of the company’s stock.

A number of research analysts recently issued reports on the stock. HSBC cut shares of United Microelectronics from a “hold” rating to a “reduce” rating in a report on Wednesday, January 30th. ValuEngine upgraded shares of United Microelectronics from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Morgan Stanley cut shares of United Microelectronics from an “equal weight” rating to an “underweight” rating in a report on Friday, November 16th. Five equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $2.19.

United Microelectronics stock opened at $1.84 on Friday. The company has a market capitalization of $4.70 billion, a PE ratio of 18.90 and a beta of 0.81. United Microelectronics Corp has a twelve month low of $1.64 and a twelve month high of $3.14. The company has a quick ratio of 2.38, a current ratio of 2.72 and a debt-to-equity ratio of 0.32.

United Microelectronics (NYSE:UMC) last released its quarterly earnings results on Tuesday, January 29th. The semiconductor company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.04). The company had revenue of $35.52 billion during the quarter, compared to analyst estimates of $36.74 billion. United Microelectronics had a net margin of 4.73% and a return on equity of 3.32%. The company’s revenue was down 3.0% compared to the same quarter last year.

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About United Microelectronics

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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