Vanguard Group Inc. Has $106.30 Million Position in United Microelectronics Corporation $UMC

Vanguard Group Inc. lowered its stake in shares of United Microelectronics Corporation (NYSE:UMC) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,524,036 shares of the semiconductor company’s stock after selling 728,404 shares during the period. Vanguard Group Inc. owned about 0.54% of United Microelectronics worth $106,299,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC acquired a new stake in shares of United Microelectronics during the 2nd quarter valued at $27,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of United Microelectronics by 313.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,265 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 3,234 shares during the period. MGO One Seven LLC acquired a new stake in shares of United Microelectronics during the 3rd quarter valued at $77,000. Merit Financial Group LLC acquired a new stake in shares of United Microelectronics during the 4th quarter valued at $82,000. Finally, Choreo LLC acquired a new stake in shares of United Microelectronics during the 4th quarter valued at $83,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

Analysts Set New Price Targets

UMC has been the subject of a number of research reports. Wall Street Zen raised shares of United Microelectronics from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. BNP Paribas Exane raised shares of United Microelectronics from an “underperform” rating to a “neutral” rating and set a $8.60 target price for the company in a research note on Tuesday, March 31st. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of United Microelectronics in a report on Thursday, January 29th. Two research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Microelectronics currently has a consensus rating of “Strong Sell” and a consensus price target of $8.60.

United Microelectronics Stock Performance

Shares of UMC opened at $16.07 on Wednesday. The company has a market capitalization of $40.38 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. United Microelectronics Corporation has a one year low of $6.56 and a one year high of $16.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.72 and a quick ratio of 2.23. The company’s fifty day moving average price is $10.68 and its 200 day moving average price is $9.38.

United Microelectronics (NYSE:UMC) last announced its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.12 by $0.08. United Microelectronics had a net margin of 20.71% and a return on equity of 13.67%. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.92 billion. As a group, analysts expect that United Microelectronics Corporation will post 0.7 earnings per share for the current year.

United Microelectronics Company Profile

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed (NYSE: UMC) and focuses on high-reliability manufacturing rather than branding consumer products.

UMC’s core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.