Atria Investments Inc Sells 14,863 Shares of United Microelectronics Co. (NYSE:UMC)

Atria Investments Inc reduced its holdings in shares of United Microelectronics Co. (NYSE:UMC) by 46.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 16,977 shares of the semiconductor company’s stock after selling 14,863 shares during the period. Atria Investments Inc’s holdings in United Microelectronics were worth $143,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. raised its position in United Microelectronics by 67.0% during the 1st quarter. Advisors Asset Management Inc. now owns 80,899 shares of the semiconductor company’s stock valued at $654,000 after purchasing an additional 32,469 shares in the last quarter. Tidal Investments LLC raised its position in shares of United Microelectronics by 135.6% in the 1st quarter. Tidal Investments LLC now owns 25,540 shares of the semiconductor company’s stock worth $207,000 after acquiring an additional 14,700 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of United Microelectronics in the 1st quarter worth $234,000. EverSource Wealth Advisors LLC raised its position in shares of United Microelectronics by 25.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 17,649 shares of the semiconductor company’s stock worth $136,000 after acquiring an additional 3,628 shares in the last quarter. Finally, Aprio Wealth Management LLC bought a new position in shares of United Microelectronics in the 2nd quarter worth $95,000. 5.05% of the stock is owned by institutional investors.

United Microelectronics Stock Up 1.2 %

Shares of UMC stock opened at $6.85 on Monday. United Microelectronics Co. has a 1-year low of $6.71 and a 1-year high of $9.00. The stock’s fifty day moving average price is $7.73 and its 200 day moving average price is $8.18. 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 company has a market cap of $17.17 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 3.32 and a beta of 1.20.

Wall Street Analyst Weigh In

UMC has been the subject of several recent research reports. JPMorgan Chase & Co. lowered United Microelectronics from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com lowered United Microelectronics from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Morgan Stanley lowered United Microelectronics from an “overweight” rating to an “equal weight” rating in a research report on Monday, October 28th. Finally, The Goldman Sachs Group downgraded United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 target price on the stock. in a research note on Thursday, October 17th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.