Vanguard Personalized Indexing Management LLC Grows Stock Position in United Microelectronics Corporation $UMC

Vanguard Personalized Indexing Management LLC increased its holdings in shares of United Microelectronics Corporation (NYSE:UMC - Free Report) by 31.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 365,708 shares of the semiconductor company's stock after buying an additional 88,237 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in United Microelectronics were worth $2,798,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Nomura Holdings Inc. raised its holdings in shares of United Microelectronics by 360.1% in the 1st quarter. Nomura Holdings Inc. now owns 1,536,660 shares of the semiconductor company's stock worth $10,987,000 after purchasing an additional 1,202,660 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of United Microelectronics by 10.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,655,721 shares of the semiconductor company's stock worth $40,438,000 after purchasing an additional 537,777 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of United Microelectronics in the 1st quarter worth about $3,763,000. AQR Capital Management LLC raised its holdings in shares of United Microelectronics by 46.1% in the 1st quarter. AQR Capital Management LLC now owns 1,435,628 shares of the semiconductor company's stock worth $10,265,000 after purchasing an additional 452,788 shares during the period. Finally, Baird Financial Group Inc. raised its holdings in shares of United Microelectronics by 127.7% in the 1st quarter. Baird Financial Group Inc. now owns 541,176 shares of the semiconductor company's stock worth $3,869,000 after purchasing an additional 303,460 shares during the period. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "hold (c-)" rating on shares of United Microelectronics in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, United Microelectronics has a consensus rating of "Hold" and a consensus target price of $7.40.

United Microelectronics Stock Performance

Shares of NYSE:UMC opened at $7.43 on Thursday. The company has a market cap of $18.65 billion, a P/E ratio of 15.15, a PEG ratio of 4.44 and a beta of 1.24. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.46 and a current ratio of 1.77. United Microelectronics Corporation has a one year low of $5.61 and a one year high of $8.33. The business's 50-day simple moving average is $7.02 and its 200 day simple moving average is $7.26.

United Microelectronics (NYSE:UMC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The semiconductor company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). The company had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $61.88 billion. United Microelectronics had a net margin of 16.71% and a return on equity of 11.05%. During the same quarter in the previous year, the business posted $0.17 earnings per share. On average, sell-side analysts forecast that United Microelectronics Corporation will post 0.51 earnings per share 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.

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