Lingohr & Partner Asset Management GmbH maintained its stake in shares of United Microelectronics Corporation (NYSE:UMC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 360,200 shares of the semiconductor company’s stock at the end of the 2nd quarter. Lingohr & Partner Asset Management GmbH’s holdings in United Microelectronics Corporation were worth $695,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of UMC. First Trust Advisors LP bought a new position in United Microelectronics Corporation in the second quarter valued at $127,000. Citadel Advisors LLC lifted its stake in United Microelectronics Corporation by 104.3% in the first quarter. Citadel Advisors LLC now owns 58,386 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 29,814 shares during the last quarter. Bessemer Group Inc. lifted its stake in United Microelectronics Corporation by 137.6% in the second quarter. Bessemer Group Inc. now owns 65,505 shares of the semiconductor company’s stock valued at $160,000 after acquiring an additional 37,930 shares during the last quarter. Wellington Management Group LLP acquired a new stake in United Microelectronics Corporation in the first quarter valued at $130,000. Finally, AXA acquired a new stake in United Microelectronics Corporation in the first quarter valued at $154,000. 5.35% of the stock is owned by institutional investors.

UMC has been the subject of a number of recent analyst reports. BidaskClub cut shares of United Microelectronics Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Daiwa Capital Markets lowered shares of United Microelectronics Corporation from a “hold” rating to an “underperform” rating in a research report on Wednesday, July 26th. Instinet lowered shares of United Microelectronics Corporation from a “neutral” rating to a “reduce” rating in a research report on Monday, July 3rd. Macquarie lowered shares of United Microelectronics Corporation from a “neutral” rating to an “underperform” rating in a research report on Thursday, June 29th. Finally, Citigroup Inc. lowered shares of United Microelectronics Corporation from a “neutral” rating to a “sell” rating in a research report on Wednesday, July 26th. Eight research analysts have rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $2.10.

United Microelectronics Corporation (NYSE UMC) traded down 0.76% on Friday, hitting $2.61. 1,697,571 shares of the company were exchanged. The stock has a 50 day moving average of $2.43 and a 200 day moving average of $2.16. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 20.08 and a beta of 0.60. United Microelectronics Corporation has a 52 week low of $1.74 and a 52 week high of $2.73.

United Microelectronics Corporation (NYSE:UMC) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $37.54 billion for the quarter, compared to analyst estimates of $37.15 billion. United Microelectronics Corporation had a return on equity of 4.58% and a net margin of 6.52%. The company’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 earnings per share. Analysts predict that United Microelectronics Corporation will post $0.11 EPS for the current fiscal year.

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United Microelectronics Corporation Company Profile

United Microelectronics Corporation is a global semiconductor foundry. The Company provides integrated circuit (IC) production for applications spanning every sector of the electronics industry. The Company operates through two segments: wafer fabrication and new business. The primary operating activity of the Company’s wafer fabrication segment is the manufacture of chips to the design specifications of its customers by using its own processes and techniques.

Institutional Ownership by Quarter for United Microelectronics Corporation (NYSE:UMC)

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