49,508 Shares in United Microelectronics Corp (UMC) Purchased by Two Sigma Securities LLC

Two Sigma Securities LLC bought a new stake in United Microelectronics Corp (NYSE:UMC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 49,508 shares of the semiconductor company’s stock, valued at approximately $118,000.

A number of other institutional investors have also added to or reduced their stakes in UMC. State Street Corp grew its position in United Microelectronics by 6.1% in the second quarter. State Street Corp now owns 2,744,618 shares of the semiconductor company’s stock valued at $6,698,000 after acquiring an additional 156,717 shares during the last quarter. First Trust Advisors LP grew its position in United Microelectronics by 111.4% in the third quarter. First Trust Advisors LP now owns 110,312 shares of the semiconductor company’s stock valued at $276,000 after acquiring an additional 58,119 shares during the last quarter. Russell Investments Group Ltd. grew its position in United Microelectronics by 3.0% in the third quarter. Russell Investments Group Ltd. now owns 4,254,236 shares of the semiconductor company’s stock valued at $10,635,000 after acquiring an additional 125,547 shares during the last quarter. Citadel Advisors LLC grew its position in United Microelectronics by 1,592.0% in the third quarter. Citadel Advisors LLC now owns 259,288 shares of the semiconductor company’s stock valued at $648,000 after acquiring an additional 243,964 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in United Microelectronics by 116.6% in the third quarter. Wells Fargo & Company MN now owns 5,998,324 shares of the semiconductor company’s stock valued at $14,995,000 after acquiring an additional 3,229,151 shares during the last quarter. Hedge funds and other institutional investors own 5.79% of the company’s stock.

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A number of analysts have recently commented on UMC shares. Credit Suisse Group raised United Microelectronics from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 24th. HSBC raised United Microelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, January 24th. Seven analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. United Microelectronics currently has a consensus rating of “Hold” and an average target price of $2.10.

Shares of United Microelectronics stock opened at $2.60 on Thursday. United Microelectronics Corp has a 12 month low of $1.89 and a 12 month high of $2.73. The company has a market capitalization of $6,356.65, a PE ratio of 20.00 and a beta of 0.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.31 and a current ratio of 1.51.

United Microelectronics (NYSE:UMC) last announced its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $0.02 EPS for the quarter. United Microelectronics had a return on equity of 4.48% and a net margin of 6.43%. The firm had revenue of $1.23 billion for the quarter.

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United Microelectronics 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.

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

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