United Microelectronics Corpora (NYSE:UMC) Closed 8.6% Above Its 50 Day Average


The stock is trading at $2.66 slightly over $2.45, the stock’s 50 day moving average and which is impressively higher than the 200 day moving average of $2.17. The 50 day moving average moved up $0.21 and the 200 day average went up $0.49 or +22.41%. 738K shares changed hands by the end of trading on Wednesday. Trading volume was down 27.19% under the stocks average daily volume.

Investors are a little more bullish on shares of the company considering the change in short interest. The stock experienced a fall in short interest between August 15, 2017 and August 31, 2017 of -16.01%. Short shares decreased from 7,725,131 to 6,488,703 over that period. Days to cover decreased 0.0 to 5.0 and the percentage of shorted shares was 0.00% on August 31.

Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Ubs Group Ag had disposed of a total of 3,902 shares trimming its holdings by 7.1%. The value of the investment in (UMC) increased from $106,000 to $124,000 increasing 17.0% for the reporting period. As of quarter end Checchi Capital Advisers, LLC had sold 2,500 shares trimming its stake by 9.4%. The value of the total investment in United Microelectronics Corpora went from $51,000 to $59,000 a change of 15.7% quarter to quarter.

As of quarter end Quadrant Capital Group LLC had bought a total of 377 shares growing its position 56.3%. The value of the company’s investment in United Microelectronics Corpora went from $1,000 to $2,000 a change of $1,000 since the last quarter. Two Sigma Advisers, Lp divested its position by selling 85,095 shares a decrease of 11.4% from 03/31/2017 to 06/30/2017. Two Sigma Advisers, Lp now controls 661,435 shares worth $1,614,000. The total value of its holdings increased 12.0%.

On July 27 the stock rating was downgraded to “Underperform” from “Neutral” in a report issued by Credit Suisse.

The company is unchanged by %% since yesterday’s close of 2.66. Additionally United Microelectronics Corpora recently declared a dividend paid on Thursday the 17th of August 2017. The dividend was $0.020 per share for the quarter which is $0.08 annualized. The dividend yield was $3.15. The ex-dividend date was set for Tuesday the 11th of July 2017.

The most current P/E ratio is 20.46 and the market cap is 6.49B.

United Microelectronics Corporation, launched on May 22, 1980, 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 Business’s wafer fabrication segment is the manufacture of chips to the design specifications of its customers by using its own processes and techniques. The new business segment primarily includes researching, developing, manufacturing, and providing solar energy and new generation light-emitting diode (LED). The Company maintains a customer base across various industries, including communication, consumer electronics, computer, memory and others, while focusing on manufacturing for applications, including networking, telecommunications, Internet, multimedia, personal computers (PCs) and graphics..