United Microelectronics Co. (NYSE:UMC) Position Increased by Genesis Investment Management LLP

Genesis Investment Management LLP increased its position in shares of United Microelectronics Co. (NYSE:UMC) by 12.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,353,325 shares of the semiconductor company’s stock after purchasing an additional 474,004 shares during the period. United Microelectronics makes up approximately 7.1% of Genesis Investment Management LLP’s portfolio, making the stock its 4th largest position. Genesis Investment Management LLP owned about 0.17% of United Microelectronics worth $36,655,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its position in shares of United Microelectronics by 1.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 102,206 shares of the semiconductor company’s stock worth $895,000 after buying an additional 1,333 shares in the last quarter. Ignite Planners LLC increased its stake in shares of United Microelectronics by 1.5% during the 3rd quarter. Ignite Planners LLC now owns 90,303 shares of the semiconductor company’s stock worth $760,000 after purchasing an additional 1,360 shares in the last quarter. Inspire Advisors LLC raised its position in shares of United Microelectronics by 9.1% during the 1st quarter. Inspire Advisors LLC now owns 19,351 shares of the semiconductor company’s stock worth $157,000 after purchasing an additional 1,609 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in United Microelectronics by 2.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 71,459 shares of the semiconductor company’s stock valued at $626,000 after buying an additional 1,756 shares in the last quarter. Finally, Hennessy Advisors Inc. increased its position in United Microelectronics by 13.3% during the second quarter. Hennessy Advisors Inc. now owns 15,627 shares of the semiconductor company’s stock worth $137,000 after buying an additional 1,836 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UMC. StockNews.com upgraded United Microelectronics from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. The Goldman Sachs Group raised shares of United Microelectronics from a “neutral” rating to a “buy” rating in a research report on Thursday, August 1st.

United Microelectronics Trading Down 1.5 %

UMC stock traded down $0.12 during trading on Wednesday, reaching $8.05. 653,543 shares of the stock traded hands, compared to its average volume of 9,943,298. United Microelectronics Co. has a 52-week low of $6.96 and a 52-week high of $9.00. The business’s 50 day moving average price is $8.47 and its 200-day moving average price is $8.31. 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 firm has a market capitalization of $20.17 billion, a PE ratio of 11.67, a P/E/G ratio of 4.44 and a beta of 1.18.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.71 billion. United Microelectronics had a net margin of 23.90% and a return on equity of 14.80%. During the same period last year, the firm posted $0.20 EPS. As a group, sell-side analysts forecast that United Microelectronics Co. will post 0.66 earnings per share for the current year.

United Microelectronics Company Profile

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.