Vanguard Group Inc. lifted its holdings in shares of United Microelectronics Corporation (NYSE:UMC) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,970,238 shares of the semiconductor company’s stock after buying an additional 1,258,346 shares during the quarter. Vanguard Group Inc. owned about 1.39% of United Microelectronics Corporation worth $82,887,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Citadel Advisors LLC grew its position in shares of United Microelectronics Corporation by 104.3% during the 1st quarter. Citadel Advisors LLC now owns 58,386 shares of the semiconductor company’s stock worth $113,000 after buying an additional 29,814 shares during the period. First Trust Advisors LP acquired a new stake in shares of United Microelectronics Corporation during the 2nd quarter worth approximately $127,000. Wellington Management Group LLP acquired a new stake in shares of United Microelectronics Corporation during the 1st quarter worth approximately $130,000. Bessemer Group Inc. grew its position in shares of United Microelectronics Corporation by 137.6% during the 2nd quarter. Bessemer Group Inc. now owns 65,505 shares of the semiconductor company’s stock worth $160,000 after buying an additional 37,930 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of United Microelectronics Corporation by 37.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 93,648 shares of the semiconductor company’s stock worth $181,000 after buying an additional 25,761 shares during the period. Institutional investors own 5.35% of the company’s stock.

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United Microelectronics Corporation (NYSE:UMC) opened at 2.54 on Monday. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 19.54 and a beta of 0.60. United Microelectronics Corporation has a 1-year low of $1.74 and a 1-year high of $2.73. The company’s 50-day moving average is $2.59 and its 200 day moving average is $2.29.

UMC has been the subject of several analyst reports. BidaskClub cut shares of United Microelectronics Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Daiwa Capital Markets cut shares of United Microelectronics Corporation from a “hold” rating to an “underperform” rating in a research report on Wednesday, July 26th. Instinet cut shares of United Microelectronics Corporation from a “neutral” rating to a “reduce” rating in a research report on Monday, July 3rd. Citigroup Inc. cut shares of United Microelectronics Corporation from a “neutral” rating to a “sell” rating in a research report on Wednesday, July 26th. Finally, HSBC Holdings plc cut shares of United Microelectronics Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Eight research analysts have rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. United Microelectronics Corporation currently has an average rating of “Hold” and an average target price of $2.10.

About United Microelectronics Corporation

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.

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

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