United Microelectronics Corporation (UMC) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its position in shares of United Microelectronics Corporation (NYSE:UMC) by 20.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,370,891 shares of the semiconductor company’s stock after acquiring an additional 401,016 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.10% of United Microelectronics Corporation worth $5,785,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in United Microelectronics Corporation by 4.2% during the first quarter. Vanguard Group Inc. now owns 32,711,892 shares of the semiconductor company’s stock valued at $63,134,000 after acquiring an additional 1,306,206 shares during the last quarter. Acadian Asset Management LLC boosted its position in United Microelectronics Corporation by 25.0% during 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 acquiring an additional 3,909,952 shares during the last quarter. Renaissance Technologies LLC boosted its position in United Microelectronics Corporation by 22.4% during the first quarter. Renaissance Technologies LLC now owns 12,087,589 shares of the semiconductor company’s stock valued at $23,329,000 after acquiring an additional 2,215,200 shares during the last quarter. Aperio Group LLC boosted its position in United Microelectronics Corporation by 8.2% during the second quarter. Aperio Group LLC now owns 9,942,198 shares of the semiconductor company’s stock valued at $24,259,000 after acquiring an additional 753,045 shares during the last quarter. Finally, Morgan Stanley boosted its position in United Microelectronics Corporation by 9,690.5% during the first quarter. Morgan Stanley now owns 6,128,440 shares of the semiconductor company’s stock valued at $11,827,000 after acquiring an additional 6,065,844 shares during the last quarter. 5.35% of the stock is currently owned by institutional investors and hedge funds.

United Microelectronics Corporation (NYSE UMC) opened at 2.58 on Thursday. The company has a market cap of $6.30 billion, a PE ratio of 19.85 and a beta of 0.60. United Microelectronics Corporation has a 52-week low of $1.74 and a 52-week high of $2.73. The stock’s 50 day moving average is $2.57 and its 200-day moving average is $2.24.

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

UMC has been the topic of a number of research analyst reports. BidaskClub cut shares of United Microelectronics Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Daiwa Capital Markets cut shares of United Microelectronics Corporation from a “hold” rating to an “underperform” rating in a research report on Wednesday, July 26th. Instinet cut shares of United Microelectronics Corporation from a “neutral” rating to a “reduce” rating in a research report on Monday, July 3rd. Macquarie cut shares of United Microelectronics Corporation from a “neutral” rating to an “underperform” rating in a research report on Thursday, June 29th. Finally, Citigroup Inc. cut shares of United Microelectronics Corporation from a “neutral” rating to a “sell” rating in a research report on Wednesday, July 26th. Eight equities research analysts have rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. United Microelectronics Corporation currently has an average rating of “Hold” and an average target price of $2.10.

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United Microelectronics Corporation Company 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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