Profund Advisors LLC Has $854,000 Position in United Microelectronics Co. (NYSE:UMC)

Profund Advisors LLC increased its stake in shares of United Microelectronics Co. (NYSE:UMC) by 5.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,504 shares of the semiconductor company’s stock after purchasing an additional 4,951 shares during the quarter. Profund Advisors LLC’s holdings in United Microelectronics were worth $854,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Schroder Investment Management Group increased its holdings in shares of United Microelectronics by 2,256.8% during the fourth quarter. Schroder Investment Management Group now owns 3,476,881 shares of the semiconductor company’s stock worth $29,414,000 after buying an additional 3,329,354 shares in the last quarter. Genesis Investment Management LLP raised its position in United Microelectronics by 81.7% in the second quarter. Genesis Investment Management LLP now owns 3,879,321 shares of the semiconductor company’s stock valued at $33,983,000 after purchasing an additional 1,744,721 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of United Microelectronics during the fourth quarter valued at about $5,860,000. Nomura Holdings Inc. bought a new stake in shares of United Microelectronics during the fourth quarter worth about $5,301,000. Finally, Vanguard Group Inc. increased its stake in shares of 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 buying an additional 434,018 shares during the period. Institutional investors own 5.05% of the company’s stock.

Analyst Upgrades and Downgrades

UMC has been the subject of several recent research reports. The Goldman Sachs Group upgraded shares of United Microelectronics from a “neutral” rating to a “buy” rating in a research report on Thursday, August 1st. StockNews.com raised United Microelectronics from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th.

United Microelectronics Stock Up 0.8 %

United Microelectronics stock opened at $8.61 on Wednesday. The firm has a 50 day moving average price of $8.34 and a two-hundred day moving average price of $8.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.37 and a current ratio of 1.66. United Microelectronics Co. has a 52-week low of $6.81 and a 52-week high of $9.00. The firm has a market cap of $21.56 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 4.65 and a beta of 1.18.

United Microelectronics (NYSE:UMC) last released its earnings results on Thursday, August 1st. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. United Microelectronics had a net margin of 23.90% and a return on equity of 14.80%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the business earned $0.20 earnings per share. Equities analysts predict that United Microelectronics Co. will post 0.64 EPS for the current year.

About United Microelectronics

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.