Envestnet Asset Management Inc. Purchases 32857 Shares of United Microelectronics Corporation (UMC)

Gladys Abbott
July 9, 2017

The value of the company's investment in United Microelectronics Corpora increased from $4,278,000 to $4,996,000 a change of $718,000 since the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Cabot Microelectronics Corporation during the first quarter worth about $146,000. In contrast, the average volume was 2.43 million shares. AXA purchased a new stake in shares of United Microelectronics Corporation during the first quarter worth about $154,000. The company now has a Return on Equity of 4.8% and a Return on Investment of 1.2%. This is a positive change from United Microelectronics Corporation's previous annual dividend of $0.00. The firm owned 428,000 shares of the semiconductor company's stock after buying an additional 10,100 shares during the period. Accern also assigned news headlines about the semiconductor company an impact score of 50 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the company's share price in the near future. BNP Paribas Arbitrage SA now owns 169,666 shares of the semiconductor company's stock worth $327,000 after buying an additional 11,723 shares during the period. Institutional investors own 94.58% of the company's stock. The stock closed the most recent session at $2.36 after seeing 1710513 shares trade hands. Shares saw a steep increase in trading volume of 117.47% over the normal average daily volume. Analysts reported that the Price Target for United Microelectronics Corporation might touch $3.3 high while the Average Price Target and Low price Target is $2.15 and $1.58 respectively. The stock's 50 day moving average price is $2.05 and its 200 day moving average price is $1.94. The Market Capitalization of the company stands at 6.03 Billion.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last posted its earnings results on Thursday, April 27th.

Currently, EPS of United Microelectronics Corporation (UMC) is 0.03 while the analysts predicted the EPS of the stock to be 0.26 suggesting the company fell short of the analysts' expectations. Cabot Microelectronics Corporation had a net margin of 16.81% and a return on equity of 16.69%. During the same period a year ago, the firm posted $0.41 earnings per share. Year to date is -63.57%, -49.46% over the last quarter, -64.64% for the past six months and -35.24% over the last 12 months.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Its revenue has grown at an average annualized rate of about 0.90% during the past five years. The ex-dividend date of this dividend is Friday, July 7th. Now the P/E of United Microelectronics Corporation (UMC) stands at 18.17.

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Several equities research analysts have weighed in on CCMP shares. Finally, Deutsche Bank AG lowered United Microelectronics Corporation from a "hold" rating to a "sell" rating in a research report on Thursday, June 29th. Macquarie cut United Microelectronics Corporation from a "neutral" rating to an "underperform" rating in a research note on Thursday, June 29th. Aegis raised Cabot Microelectronics Corporation from a "hold" rating to a "buy" rating in a research note on Friday, March 17th. Finally, Citigroup Inc. raised their price target on Cabot Microelectronics Corporation to $75.00 and gave the stock a neutral rating in a research report on Monday, March 20th. The shares were sold at an average price of $76.96, for a total value of $4,617,600.00. Following the completion of the sale, the insider now directly owns 16,948 shares in the company, valued at $1,322,113.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. As of quarter end Tower Research Capital LLC (trc) had bought 12,384 shares growing its position 1,744.2%. Insiders sold 110,726 shares of company stock worth $8,595,126 over the last three months. The disclosure for this sale can be found here. Also, insider William S. Johnson sold 18,930 shares of the business's stock in a transaction on Friday, May 5th.

United Microelectronics Corporation is a global semiconductor foundry.

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