United Microelectronics Corporation $UMC Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lowered its holdings in United Microelectronics Corporation (NYSE:UMC) by 2.0% during the third quarter, HoldingsChannel.com reports. The fund owned 4,152,929 shares of the semiconductor company’s stock after selling 84,858 shares during the period. Schroder Investment Management Group’s holdings in United Microelectronics were worth $31,521,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC bought a new position in shares of United Microelectronics during the second quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of United Microelectronics by 313.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,265 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 3,234 shares during the last quarter. Wealth Alliance LLC acquired a new position in United Microelectronics during the 2nd quarter valued at approximately $77,000. MGO One Seven LLC acquired a new position in United Microelectronics during the 3rd quarter valued at approximately $77,000. Finally, Euro Pacific Asset Management LLC bought a new position in United Microelectronics during the 3rd quarter worth $80,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

United Microelectronics Stock Performance

Shares of UMC stock opened at $9.71 on Thursday. United Microelectronics Corporation has a 12-month low of $5.71 and a 12-month high of $12.68. The firm has a market capitalization of $24.38 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 5.04 and a beta of 1.08. The business has a 50 day simple moving average of $9.89 and a 200 day simple moving average of $8.28. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.34 and a quick ratio of 1.91.

United Microelectronics (NYSE:UMC) last posted its earnings results on Wednesday, January 28th. The semiconductor company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.93 billion. United Microelectronics had a return on equity of 11.45% and a net margin of 17.60%.The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS. On average, equities research analysts anticipate that United Microelectronics Corporation will post 0.51 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UMC. Bank of America lowered United Microelectronics from a “buy” rating to an “underperform” rating in a research report on Wednesday, November 12th. Wall Street Zen downgraded shares of United Microelectronics from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. JPMorgan Chase & Co. restated an “underweight” rating on shares of United Microelectronics in a research report on Thursday, January 29th. Finally, BNP Paribas Exane raised shares of United Microelectronics to a “strong-buy” rating in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $8.60.

United Microelectronics Company Profile

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed (NYSE: UMC) and focuses on high-reliability manufacturing rather than branding consumer products.

UMC’s core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.