Vanguard Personalized Indexing Management LLC Grows Stock Holdings in United Microelectronics Co. (NYSE:UMC)

Vanguard Personalized Indexing Management LLC raised its position in United Microelectronics Co. (NYSE:UMC) by 12.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 301,574 shares of the semiconductor company’s stock after acquiring an additional 34,431 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in United Microelectronics were worth $2,641,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of United Microelectronics by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 15,868,813 shares of the semiconductor company’s stock valued at $134,250,000 after acquiring an additional 434,018 shares during the period. Rafferty Asset Management LLC increased its position in shares of United Microelectronics by 8.7% in the fourth quarter. Rafferty Asset Management LLC now owns 4,435,239 shares of the semiconductor company’s stock valued at $37,522,000 after acquiring an additional 355,186 shares during the period. Genesis Investment Management LLP increased its position in shares of United Microelectronics by 81.7% in the second quarter. Genesis Investment Management LLP now owns 3,879,321 shares of the semiconductor company’s stock valued at $33,983,000 after acquiring an additional 1,744,721 shares during the period. Schroder Investment Management Group boosted its stake in shares of United Microelectronics by 2,256.8% during the 4th quarter. Schroder Investment Management Group now owns 3,476,881 shares of the semiconductor company’s stock valued at $29,414,000 after purchasing an additional 3,329,354 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new stake in shares of United Microelectronics during the 4th quarter valued at about $5,860,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

United Microelectronics Trading Down 1.4 %

NYSE:UMC opened at $8.40 on Friday. United Microelectronics Co. has a one year low of $6.81 and a one year high of $9.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.66 and a quick ratio of 1.37. The company’s 50-day simple moving average is $8.33 and its 200 day simple moving average is $8.28. The firm has a market capitalization of $21.05 billion, a P/E ratio of 12.00, a PEG ratio of 4.62 and a beta of 1.18.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. United Microelectronics had a net margin of 23.90% and a return on equity of 14.80%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the firm posted $0.20 earnings per share. As a group, analysts forecast that United Microelectronics Co. will post 0.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group raised shares of United Microelectronics from a “neutral” rating to a “buy” rating in a research note on Thursday, August 1st. StockNews.com raised shares of United Microelectronics from a “hold” rating to a “buy” rating in a research note on Tuesday, June 11th.

About United Microelectronics

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.