Schroder Investment Management Group Decreases Position in United Microelectronics Corporation $UMC

Schroder Investment Management Group lowered its stake in United Microelectronics Corporation (NYSE:UMC) by 2.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,152,929 shares of the semiconductor company’s stock after selling 84,858 shares during the quarter. Schroder Investment Management Group owned about 0.17% of United Microelectronics worth $31,521,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC acquired a new stake in United Microelectronics in the second quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of United Microelectronics by 313.7% during the third 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 in the last quarter. Wealth Alliance LLC acquired a new position in shares of United Microelectronics during the second quarter worth $77,000. MGO One Seven LLC purchased a new position in shares of United Microelectronics in the third quarter valued at $77,000. Finally, Euro Pacific Asset Management LLC purchased a new position in shares of United Microelectronics in the third quarter valued at $80,000. 5.05% of the stock is owned by institutional investors and hedge funds.

United Microelectronics Stock Performance

Shares of UMC opened at $9.71 on Thursday. The business’s fifty day moving average price is $9.89 and its 200 day moving average price is $8.28. United Microelectronics Corporation has a 12-month low of $5.71 and a 12-month high of $12.68. The stock has a market capitalization of $24.38 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 5.04 and a beta of 1.08. 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 released its earnings results on Wednesday, January 28th. The semiconductor company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.93 billion. United Microelectronics had a net margin of 17.60% and a return on equity of 11.45%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Equities research analysts forecast that United Microelectronics Corporation will post 0.51 EPS for the current year.

Wall Street Analyst Weigh In

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

About United Microelectronics

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.