Parametric Portfolio Associates LLC cut its stake in United Microelectronics Corporation (NYSE:UMC) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,743,671 shares of the semiconductor company’s stock after selling 45,752 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.15% of United Microelectronics Corporation worth $9,135,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in United Microelectronics Corporation by 3.8% in the second quarter. Vanguard Group Inc. now owns 33,970,238 shares of the semiconductor company’s stock worth $82,887,000 after buying an additional 1,258,346 shares during the last quarter. Profund Advisors LLC lifted its position in United Microelectronics Corporation by 10.5% in the second quarter. Profund Advisors LLC now owns 110,960 shares of the semiconductor company’s stock worth $271,000 after buying an additional 10,544 shares during the last quarter. Wells Fargo & Company MN lifted its position in United Microelectronics Corporation by 4.4% in the second quarter. Wells Fargo & Company MN now owns 2,769,173 shares of the semiconductor company’s stock worth $6,756,000 after buying an additional 115,724 shares during the last quarter. OZ Management LP bought a new stake in United Microelectronics Corporation in the second quarter worth $1,252,000. Finally, Parallel Advisors LLC lifted its position in United Microelectronics Corporation by 5.0% in the second quarter. Parallel Advisors LLC now owns 149,811 shares of the semiconductor company’s stock worth $339,000 after buying an additional 7,133 shares during the last quarter. Institutional investors own 5.35% of the company’s stock.

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

Shares of United Microelectronics Corporation (NYSE UMC) opened at 2.65 on Friday. The company has a market capitalization of $6.47 billion, a P/E ratio of 20.38 and a beta of 0.60. The stock’s 50 day moving average price is $2.59 and its 200 day moving average price is $2.25. 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 released its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $37.54 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 EPS. On average, equities research analysts forecast that United Microelectronics Corporation will post $0.12 earnings per share for the current fiscal year.

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.

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

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