Fmr LLC Has $2.53 Million Stake in United Microelectronics Co. (NYSE:UMC)

Fmr LLC increased its holdings in shares of United Microelectronics Co. (NYSE:UMC) by 192.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 300,738 shares of the semiconductor company’s stock after acquiring an additional 197,998 shares during the period. Fmr LLC’s holdings in United Microelectronics were worth $2,532,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. boosted its position in shares of United Microelectronics by 96.0% during the 3rd quarter. Victory Capital Management Inc. now owns 149,457 shares of the semiconductor company’s stock valued at $1,258,000 after acquiring an additional 73,202 shares in the last quarter. Cerity Partners LLC boosted its position in shares of United Microelectronics by 90.5% during the 3rd quarter. Cerity Partners LLC now owns 237,027 shares of the semiconductor company’s stock valued at $1,996,000 after acquiring an additional 112,624 shares in the last quarter. Blue Trust Inc. boosted its position in shares of United Microelectronics by 136.1% during the 3rd quarter. Blue Trust Inc. now owns 181,782 shares of the semiconductor company’s stock valued at $1,592,000 after acquiring an additional 104,797 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of United Microelectronics by 398.2% during the 3rd quarter. Quantbot Technologies LP now owns 163,657 shares of the semiconductor company’s stock valued at $1,378,000 after acquiring an additional 130,809 shares in the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of United Microelectronics during the 2nd quarter valued at about $113,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of United Microelectronics from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 30th. Morgan Stanley downgraded shares of United Microelectronics from an “overweight” rating to an “equal weight” rating in a report on Monday, October 28th. StockNews.com downgraded shares of United Microelectronics from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Finally, The Goldman Sachs Group downgraded shares of United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 price target for the company. in a report on Thursday, October 17th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.40.

United Microelectronics Trading Down 0.2 %

Shares of UMC stock opened at $6.39 on Friday. United Microelectronics Co. has a 12-month low of $6.31 and a 12-month high of $9.00. The company has a market capitalization of $16.01 billion, a P/E ratio of 9.83, a P/E/G ratio of 3.09 and a beta of 1.17. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $7.19 and a 200 day moving average price of $8.01.

United Microelectronics Profile

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.