5 Popular Stocks Reddit’s WallStreetBets is Talking About Today

4. United Microelectronics Corporation (NYSE: UMC)

Number of Hedge Fund Holders: 11  

United Microelectronics Corporation (NYSE: UMC) is a Chinese company that makes and sells semiconductor chips used in electronic devices. It was founded in 1980 and is placed fourth on our list of 10 popular stocks Reddit’s WallStreetBets is talking about today. The company stock has returned more than 268% to investors over the past year. The prices of semiconductor chips have skyrocketed in recent weeks amid a shortage of chips due to supply chain problems that are expected to last for several months. 

On April 28, United Microelectronics Corporation (NYSE: UMC) posted earnings results for the first quarter of 2021, reporting earnings per share of $0.15 that beat market estimates by $0.04. The revenue over the period was $1.65 billion. 

At the end of the first quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $173 million in United Microelectronics Corporation (NYSE: UMC), down from 12 in the preceding quarter worth $190 million.