Victory Capital Management Inc. increased its stake in United Microelectronics Co. (NYSE:UMC – Free Report) by 25.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,255 shares of the semiconductor company’s stock after acquiring an additional 15,539 shares during the period. Victory Capital Management Inc.’s holdings in United Microelectronics were worth $668,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. SpiderRock Advisors LLC purchased a new position in shares of United Microelectronics in the 1st quarter worth about $86,000. Adero Partners LLC purchased a new stake in United Microelectronics in the fourth quarter worth approximately $94,000. Leo Wealth LLC purchased a new stake in United Microelectronics in the fourth quarter worth approximately $95,000. Aprio Wealth Management LLC bought a new position in United Microelectronics during the second quarter valued at approximately $95,000. Finally, Simon Quick Advisors LLC purchased a new position in shares of United Microelectronics during the second quarter worth approximately $103,000. Institutional investors own 5.05% of the company’s stock.
United Microelectronics Stock Performance
Shares of UMC stock opened at $8.39 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.37 and a current ratio of 1.66. United Microelectronics Co. has a fifty-two week low of $6.81 and a fifty-two week high of $9.00. The company has a market capitalization of $21.03 billion, a P/E ratio of 11.99, a PEG ratio of 4.62 and a beta of 1.18. The stock has a 50 day moving average price of $8.33 and a two-hundred day moving average price of $8.29.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on UMC shares. The Goldman Sachs Group raised shares of United Microelectronics from a “neutral” rating to a “buy” rating in a research note on Thursday, August 1st. StockNews.com upgraded shares of United Microelectronics from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th.
Read Our Latest Research Report on United Microelectronics
United Microelectronics Company Profile
United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, 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.
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