5 Best Stocks for Beginners with Little Money

4. United Microelectronics Corporation (NYSE: UMC)

Number of hedge fund holders: 12

United Microelectronics Corporation (NYSE: UMC) is a China-based microelectronics manufacturer. The firm runs as a semiconductor wafer foundry in several countries, including Taiwan, Singapore, China, Hong Kong, Japan, and the United States. The company provides semiconductor manufacturers with circuit design, mask tooling, and wafer fabrication, and assembly services. It also has stakes in the solar energy and LED industries. The firm was founded in 1980 and is placed fourth on our list of 10 best stocks for beginners with little money.

It has a market cap of more than $25 billion and posted an annual revenue of close to $6.3 billion in December 2020, up from $4.9 billion posted in the previous year. United microelectronics stands to benefit from a semiconductor shortage in the world amid an increase in the production of electronic devices as the economy reopens following the pandemic. 

At the end of the fourth quarter of 2020, 12 hedge funds in the database of Insider Monkey held stakes worth $190 million in the firm, up from 11 in the preceding quarter worth $137 million.