Profund Advisors LLC Grows Position in United Microelectronics Corporation (UMC)

Profund Advisors LLC lifted its stake in United Microelectronics Corporation (NYSE:UMC) by 10.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,960 shares of the semiconductor company’s stock after buying an additional 10,544 shares during the period. Profund Advisors LLC’s holdings in United Microelectronics Corporation were worth $271,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UMC. Morgan Stanley lifted its stake in shares of United Microelectronics Corporation by 9,690.5% in the first quarter. Morgan Stanley now owns 6,128,440 shares of the semiconductor company’s stock valued at $11,827,000 after buying an additional 6,065,844 shares during the period. Acadian Asset Management LLC lifted its stake in shares of United Microelectronics Corporation by 25.0% in the second quarter. Acadian Asset Management LLC now owns 19,572,156 shares of the semiconductor company’s stock valued at $47,757,000 after buying an additional 3,909,952 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of United Microelectronics Corporation by 778.8% in the first quarter. JPMorgan Chase & Co. now owns 3,651,852 shares of the semiconductor company’s stock valued at $7,048,000 after buying an additional 3,236,297 shares during the period. Renaissance Technologies LLC lifted its stake in shares of United Microelectronics Corporation by 22.4% in the first quarter. Renaissance Technologies LLC now owns 12,087,589 shares of the semiconductor company’s stock valued at $23,329,000 after buying an additional 2,215,200 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of United Microelectronics Corporation by 83.7% in the first quarter. Parametric Portfolio Associates LLC now owns 3,789,423 shares of the semiconductor company’s stock valued at $7,314,000 after buying an additional 1,726,358 shares during the period. Institutional investors and hedge funds own 5.35% of the company’s stock.

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Several research firms recently issued reports on UMC. BidaskClub lowered shares of United Microelectronics Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. UBS AG raised shares of United Microelectronics Corporation from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 28th. Macquarie lowered shares of United Microelectronics Corporation from a “neutral” rating to an “underperform” rating in a research report on Thursday, June 29th. Deutsche Bank AG lowered shares of United Microelectronics Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. Finally, Nomura lowered shares of United Microelectronics Corporation from a “neutral” rating to a “reduce” rating in a research report on Friday, June 30th. Eight research analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. United Microelectronics Corporation presently has an average rating of “Hold” and an average price target of $2.10.

United Microelectronics Corporation (NYSE UMC) opened at 2.58 on Wednesday. United Microelectronics Corporation has a 52-week low of $1.74 and a 52-week high of $2.73. The company has a 50-day moving average of $2.57 and a 200 day moving average of $2.24. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 19.85 and a beta of 0.60.

United Microelectronics Corporation (NYSE:UMC) last posted its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.01. The firm had revenue of $37.54 billion during the quarter, compared to the consensus estimate of $37.15 billion. United Microelectronics Corporation had a net margin of 6.52% and a return on equity of 4.58%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 EPS. On average, equities research analysts anticipate that United Microelectronics Corporation will post $0.12 EPS for the current year.

United Microelectronics Corporation Profile

United Microelectronics Corporation 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 Company’s wafer fabrication segment is the manufacture of chips to the design specifications of its customers by using its own processes and techniques.

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

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