Bridgefront Capital LLC purchased a new position in shares of United Microelectronics Co. (NYSE:UMC – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,722 shares of the semiconductor company’s stock, valued at approximately $99,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Guardian Wealth Advisors LLC bought a new stake in shares of United Microelectronics during the third quarter worth about $25,000. CoreCap Advisors LLC bought a new stake in shares of United Microelectronics during the second quarter worth about $28,000. Penserra Capital Management LLC bought a new stake in United Microelectronics in the third quarter valued at approximately $33,000. Quantbot Technologies LP bought a new stake in United Microelectronics in the first quarter valued at approximately $36,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in United Microelectronics in the third quarter valued at approximately $43,000. 5.35% of the stock is currently owned by institutional investors.
United Microelectronics Price Performance
Shares of UMC opened at $8.60 on Friday. United Microelectronics Co. has a 52-week low of $5.36 and a 52-week high of $9.61. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.19 and a current ratio of 2.47. The business’s 50 day moving average price is $8.08 and its two-hundred day moving average price is $7.07. The firm has a market cap of $21.47 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 4.54 and a beta of 1.28.
Wall Street Analysts Forecast Growth
Several analysts recently commented on UMC shares. StockNews.com started coverage on United Microelectronics in a report on Thursday. They issued a “buy” rating on the stock. Citigroup upgraded United Microelectronics from a “neutral” rating to a “buy” rating in a report on Tuesday, February 28th. Bank of America started coverage on United Microelectronics in a report on Monday, January 9th. They issued a “buy” rating on the stock. Finally, Loop Capital started coverage on United Microelectronics in a report on Monday, January 23rd. They issued a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.
United Microelectronics Profile
United Microelectronics Corp. is engaged in the semiconductor foundry business, which offers complementary metal-oxide semiconductor logic wafers, mixed signal wafers, radio frequency complementary metal-oxide semiconductor wafers, embedded memory products, high voltage integrated circuits, and complementary metal-oxide semiconductor image sensors.
- Get a free copy of the StockNews.com research report on United Microelectronics (UMC)
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
- Europe Raises Interest Rates, Should the Fed Follow?
Receive News & Ratings for United Microelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Microelectronics and related companies with MarketBeat.com's FREE daily email newsletter.