United Microelectronics Co. (NYSE:UMC) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its holdings in United Microelectronics Co. (NYSE:UMC) by 46.7% in the third quarter, HoldingsChannel.com reports. The firm owned 16,977 shares of the semiconductor company’s stock after selling 14,863 shares during the quarter. Atria Investments Inc’s holdings in United Microelectronics were worth $143,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of UMC. Marshall Wace LLP raised its holdings in United Microelectronics by 682.1% in the 2nd quarter. Marshall Wace LLP now owns 5,248,227 shares of the semiconductor company’s stock worth $45,974,000 after purchasing an additional 4,577,177 shares during the period. Genesis Investment Management LLP raised its holdings in shares of United Microelectronics by 81.7% during the second quarter. Genesis Investment Management LLP now owns 3,879,321 shares of the semiconductor company’s stock valued at $33,983,000 after acquiring an additional 1,744,721 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of United Microelectronics by 114.4% during the second quarter. Acadian Asset Management LLC now owns 439,765 shares of the semiconductor company’s stock valued at $3,849,000 after acquiring an additional 234,606 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of United Microelectronics by 6,339.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 137,808 shares of the semiconductor company’s stock valued at $1,160,000 after acquiring an additional 135,668 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of United Microelectronics by 22.6% during the third quarter. Creative Planning now owns 661,802 shares of the semiconductor company’s stock valued at $5,572,000 after acquiring an additional 121,919 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

Analyst Upgrades and Downgrades

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

United Microelectronics Price Performance

UMC stock opened at $6.85 on Monday. The firm has a market capitalization of $17.17 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 3.32 and a beta of 1.20. United Microelectronics Co. has a 1 year low of $6.71 and a 1 year high of $9.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. The business has a 50 day simple moving average of $7.73 and a 200-day simple moving average of $8.18.

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.