5 High Growth Semiconductor Stocks that are Profitable

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In this piece, we will take a look at the five high growth semiconductor stocks that are profitable. For more semiconductor stocks, head on over to 12 High Growth Semiconductor Stocks that are Profitable.

5. United Microelectronics Corporation (NYSE:UMC)

Q/Q Sales Growth: 34.9%

Number of Hedge Fund Holders in Q3 2022: 17

United Microelectronics Corporation (NYSE:UMC) is a Taiwanese contract semiconductor manufacturer that is based in Hsinchu City. The firm focuses its efforts on making chips through relatively mature and older technologies.

United Microelectronics Corporation (NYSE:UMC) is currently making efforts to combat the slowdown in the semiconductor sector, as reduced demand for chip design companies has caused them to also reduce their orders. On this front, the firm is reportedly offering its customers price discounts if they book more of its manufacturing facilities. As part of their third quarter of 2022 portfolios, 17 of the 920 hedge funds surveyed by Insider Monkey had bought United Microelectronics Corporation (NYSE:UMC)’s shares.

Out of these, Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is United Microelectronics Corporation (NYSE:UMC)’s largest investor. It owns 11.4 million shares that are worth $75 million.

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