Advisors Asset Management Inc. Has $1.80 Million Position in United Microelectronics Corporation $UMC

Advisors Asset Management Inc. increased its stake in shares of United Microelectronics Corporation (NYSE:UMC) by 10.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,539 shares of the semiconductor company’s stock after buying an additional 22,001 shares during the period. Advisors Asset Management Inc.’s holdings in United Microelectronics were worth $1,802,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Citigroup Inc. increased its holdings in shares of United Microelectronics by 3.4% in the first quarter. Citigroup Inc. now owns 6,030,617 shares of the semiconductor company’s stock valued at $43,119,000 after purchasing an additional 196,262 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of United Microelectronics by 10.5% during the first quarter. Goldman Sachs Group Inc. now owns 5,655,721 shares of the semiconductor company’s stock worth $40,438,000 after acquiring an additional 537,777 shares during the last quarter. Northern Trust Corp raised its position in shares of United Microelectronics by 4.7% during the first quarter. Northern Trust Corp now owns 3,335,080 shares of the semiconductor company’s stock worth $23,846,000 after acquiring an additional 150,636 shares during the last quarter. Creative Planning lifted its stake in shares of United Microelectronics by 34.0% during the second quarter. Creative Planning now owns 1,689,542 shares of the semiconductor company’s stock valued at $12,925,000 after acquiring an additional 428,522 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in United Microelectronics by 22.1% in the second quarter. JPMorgan Chase & Co. now owns 1,668,846 shares of the semiconductor company’s stock valued at $12,767,000 after acquiring an additional 302,617 shares during the last quarter. Institutional investors own 5.05% of the company’s stock.

United Microelectronics Stock Up 1.8%

United Microelectronics stock opened at $7.46 on Friday. The company has a 50 day moving average of $7.41 and a 200-day moving average of $7.37. The company has a quick ratio of 1.46, a current ratio of 1.77 and a debt-to-equity ratio of 0.12. United Microelectronics Corporation has a twelve month low of $5.61 and a twelve month high of $8.33. The stock has a market capitalization of $18.74 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 4.12 and a beta of 1.29.

United Microelectronics (NYSE:UMC) last released its earnings results on Wednesday, October 29th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. United Microelectronics had a return on equity of 11.36% and a net margin of 17.08%.The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $58.25 billion. During the same quarter in the prior year, the company earned $0.18 EPS. On average, equities research analysts anticipate that United Microelectronics Corporation will post 0.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UMC. Wall Street Zen raised United Microelectronics from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Bank of America lowered shares of United Microelectronics from a “buy” rating to an “underperform” rating in a report on Wednesday, November 12th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of United Microelectronics in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.