Crossmark Global Holdings Inc. Sells 81,851 Shares of United Microelectronics Co. (NYSE:UMC)

Crossmark Global Holdings Inc. lessened its position in shares of United Microelectronics Co. (NYSE:UMC) by 6.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,194,016 shares of the semiconductor company’s stock after selling 81,851 shares during the period. Crossmark Global Holdings Inc.’s holdings in United Microelectronics were worth $10,053,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of UMC. Mirae Asset Global Investments Co. Ltd. increased its holdings in United Microelectronics by 35.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,949 shares of the semiconductor company’s stock worth $283,000 after purchasing an additional 9,071 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of United Microelectronics in the 1st quarter valued at $151,000. Inspire Advisors LLC lifted its position in shares of United Microelectronics by 9.1% during the 1st quarter. Inspire Advisors LLC now owns 19,351 shares of the semiconductor company’s stock valued at $157,000 after acquiring an additional 1,609 shares during the period. US Bancorp DE boosted its stake in United Microelectronics by 2.2% during the first quarter. US Bancorp DE now owns 127,275 shares of the semiconductor company’s stock worth $1,030,000 after acquiring an additional 2,772 shares in the last quarter. Finally, Henry James International Management Inc. grew its holdings in United Microelectronics by 5.3% in the first quarter. Henry James International Management Inc. now owns 88,042 shares of the semiconductor company’s stock worth $712,000 after purchasing an additional 4,440 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Stock Performance

NYSE UMC opened at $7.16 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.37 and a current ratio of 1.66. The company has a market capitalization of $17.94 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 3.47 and a beta of 1.20. The company has a 50-day simple moving average of $8.05 and a 200 day simple moving average of $8.24. United Microelectronics Co. has a 52-week low of $6.78 and a 52-week high of $9.00.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UMC. Morgan Stanley downgraded United Microelectronics from an “overweight” rating to an “equal weight” rating in a research note on Monday, October 28th. The Goldman Sachs Group lowered shares of United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 target price on the stock. in a report on Thursday, October 17th. StockNews.com raised United Microelectronics from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. downgraded shares of United Microelectronics from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and two have 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 Company 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.