United Microelectronics Co. (NYSE:UMC) Shares Purchased by Cwm LLC

Cwm LLC raised its stake in United Microelectronics Co. (NYSE:UMC) by 50.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,599 shares of the semiconductor company’s stock after purchasing an additional 9,625 shares during the period. Cwm LLC’s holdings in United Microelectronics were worth $241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in 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 in the last quarter. Acadian Asset Management LLC lifted its position in shares of United Microelectronics by 1,105.0% during the 1st quarter. Acadian Asset Management LLC now owns 205,159 shares of the semiconductor company’s stock worth $1,659,000 after purchasing an additional 188,133 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of United Microelectronics by 35.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,949 shares of the semiconductor company’s stock worth $283,000 after purchasing an additional 9,071 shares during the last quarter. Diversified Trust Co acquired a new position in shares of United Microelectronics during the second quarter worth $113,000. Finally, Genesis Investment Management LLP increased its holdings in United Microelectronics by 12.2% in the third quarter. Genesis Investment Management LLP now owns 4,353,325 shares of the semiconductor company’s stock valued at $36,655,000 after buying an additional 474,004 shares during the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 price objective for the company. in a research report on Thursday, October 17th.

United Microelectronics Stock Up 0.5 %

Shares of NYSE:UMC opened at $7.80 on Wednesday. The firm has a 50 day simple moving average of $8.43 and a 200-day simple moving average of $8.30. United Microelectronics Co. has a twelve month low of $6.96 and a twelve month high of $9.00. The company has a current ratio of 1.66, a quick ratio of 1.37 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $19.53 billion, a PE ratio of 11.14, a P/E/G ratio of 4.11 and a beta of 1.18.

United Microelectronics (NYSE:UMC) last announced its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates 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 business earned $0.20 EPS. On average, equities analysts predict that United Microelectronics Co. will post 0.66 EPS for the current fiscal year.

United Microelectronics Profile

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, 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.