41,011 Shares in United Microelectronics Co. (NYSE:UMC) Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd bought a new stake in United Microelectronics Co. (NYSE:UMC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 41,011 shares of the semiconductor company’s stock, valued at approximately $345,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cerity Partners LLC raised its position in shares of United Microelectronics by 90.5% in 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 during the period. Advisors Asset Management Inc. raised its holdings in United Microelectronics by 60.0% in the third quarter. Advisors Asset Management Inc. now owns 169,462 shares of the semiconductor company’s stock worth $1,427,000 after purchasing an additional 63,528 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of United Microelectronics during the third quarter worth $333,000. West Family Investments Inc. grew its holdings in shares of United Microelectronics by 7.0% in the 3rd quarter. West Family Investments Inc. now owns 141,661 shares of the semiconductor company’s stock valued at $1,193,000 after buying an additional 9,294 shares during the period. Finally, Natixis Advisors LLC increased its position in shares of United Microelectronics by 12.8% in the 3rd quarter. Natixis Advisors LLC now owns 181,884 shares of the semiconductor company’s stock valued at $1,531,000 after buying an additional 20,656 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

United Microelectronics Stock Down 0.3 %

NYSE:UMC opened at $6.85 on Wednesday. The company has a market cap of $17.17 billion, a PE ratio of 10.54, a PEG ratio of 3.32 and a beta of 1.20. The stock has a 50-day simple moving average of $7.66 and a 200 day simple moving average of $8.16. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19. United Microelectronics Co. has a 52-week low of $6.71 and a 52-week high of $9.00.

Wall Street Analyst Weigh In

UMC has been the subject of a number of research analyst reports. Morgan Stanley cut United Microelectronics from an “overweight” rating to an “equal weight” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. cut United Microelectronics from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group downgraded 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. Finally, StockNews.com cut shares of United Microelectronics from a “buy” rating to a “hold” rating in a report on Sunday, November 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 a consensus rating of “Hold” and a consensus 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.