United Microelectronics Corporation $UMC Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in United Microelectronics Corporation (NYSE:UMC) by 22.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,668,846 shares of the semiconductor company’s stock after purchasing an additional 302,617 shares during the period. JPMorgan Chase & Co.’s holdings in United Microelectronics were worth $12,767,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of UMC. Vise Technologies Inc. purchased a new position in United Microelectronics during the 2nd quarter worth approximately $1,474,000. Callan Family Office LLC boosted its holdings in shares of United Microelectronics by 406.8% in the second quarter. Callan Family Office LLC now owns 54,754 shares of the semiconductor company’s stock valued at $419,000 after acquiring an additional 43,950 shares during the period. Frank Rimerman Advisors LLC purchased a new position in shares of United Microelectronics during the second quarter worth approximately $475,000. Vanguard Personalized Indexing Management LLC grew its position in shares of United Microelectronics by 31.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 365,708 shares of the semiconductor company’s stock worth $2,798,000 after acquiring an additional 88,237 shares during the last quarter. Finally, Creative Planning increased its holdings in shares of United Microelectronics by 34.0% in the 2nd quarter. Creative Planning now owns 1,689,542 shares of the semiconductor company’s stock valued at $12,925,000 after acquiring an additional 428,522 shares during the period. 5.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UMC. Wall Street Zen cut shares of United Microelectronics from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “hold (c-)” rating on shares of United Microelectronics in a research note on Wednesday, October 8th. Finally, Bank of America lowered United Microelectronics from a “buy” rating to an “underperform” rating in a report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

United Microelectronics Stock Up 1.6%

Shares of United Microelectronics stock opened at $8.00 on Monday. United Microelectronics Corporation has a one year low of $5.61 and a one year high of $8.33. The company has a market cap of $20.08 billion, a P/E ratio of 15.68, a PEG ratio of 4.07 and a beta of 1.12. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.92 and a current ratio of 2.34. The firm has a fifty day moving average of $7.45 and a two-hundred day moving average of $7.37.

United Microelectronics (NYSE:UMC) last issued its earnings results on Wednesday, October 29th. The semiconductor company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.08. United Microelectronics had a net margin of 17.08% and a return on equity of 11.18%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $58.25 billion. During the same quarter in the previous year, the firm earned $0.18 earnings per share. On average, analysts forecast that United Microelectronics Corporation will post 0.51 earnings per share for the current year.

United Microelectronics Company Profile

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, 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.