Canada Pension Plan Investment Board raised its holdings in shares of United Microelectronics Corp (NYSE:UMC) by 451.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 206,910 shares of the semiconductor company’s stock after purchasing an additional 169,400 shares during the period. Canada Pension Plan Investment Board’s holdings in United Microelectronics were worth $534,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Jane Street Group LLC increased its position in shares of United Microelectronics by 172.0% during the second quarter. Jane Street Group LLC now owns 582,332 shares of the semiconductor company’s stock worth $1,642,000 after purchasing an additional 368,223 shares in the last quarter. Segantii Capital Management Ltd acquired a new position in shares of United Microelectronics in the 3rd quarter valued at $2,216,000. Signaturefd LLC increased its position in shares of United Microelectronics by 11.1% in the 2nd quarter. Signaturefd LLC now owns 180,459 shares of the semiconductor company’s stock valued at $509,000 after acquiring an additional 18,069 shares during the period. State of New Jersey Common Pension Fund D increased its position in shares of United Microelectronics by 49.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 652,853 shares of the semiconductor company’s stock valued at $1,684,000 after acquiring an additional 214,653 shares during the period. Finally, Citadel Advisors LLC increased its position in shares of United Microelectronics by 61.5% in the 2nd quarter. Citadel Advisors LLC now owns 140,055 shares of the semiconductor company’s stock valued at $395,000 after acquiring an additional 53,347 shares during the period. 5.04% of the stock is currently owned by institutional investors and hedge funds.

UMC has been the topic of several research reports. Morgan Stanley downgraded United Microelectronics from an “equal weight” rating to an “underweight” rating in a research report on Friday, November 16th. JPMorgan Chase & Co. downgraded United Microelectronics from a “neutral” rating to an “underweight” rating in a research report on Wednesday, October 10th. CLSA downgraded United Microelectronics from an “outperform” rating to an “underperform” rating in a research report on Monday, October 8th. Nomura downgraded United Microelectronics from a “buy” rating to a “neutral” rating in a research report on Friday, October 12th. Finally, HSBC downgraded United Microelectronics from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Five equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. United Microelectronics has a consensus rating of “Hold” and a consensus price target of $2.19.

NYSE UMC opened at $1.81 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.38 and a current ratio of 2.72. United Microelectronics Corp has a 1 year low of $1.64 and a 1 year high of $3.14. The firm has a market capitalization of $4.40 billion, a P/E ratio of 12.86 and a beta of 0.91.

United Microelectronics (NYSE:UMC) last released its earnings results on Wednesday, October 24th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). United Microelectronics had a net margin of 6.93% and a return on equity of 4.94%. The firm had revenue of $39.39 billion during the quarter, compared to analyst estimates of $39.72 billion. United Microelectronics’s revenue for the quarter was up 4.5% on a year-over-year basis.

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United Microelectronics Profile

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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