Natixis Advisors LLC Raises Holdings in United Microelectronics Co. (NYSE:UMC)

Natixis Advisors LLC lifted its position in shares of United Microelectronics Co. (NYSE:UMC) by 12.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 181,884 shares of the semiconductor company’s stock after acquiring an additional 20,656 shares during the quarter. Natixis Advisors LLC’s holdings in United Microelectronics were worth $1,531,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its position in United Microelectronics by 1.3% during the second quarter. Sequoia Financial Advisors LLC now owns 102,206 shares of the semiconductor company’s stock worth $895,000 after purchasing an additional 1,333 shares during the period. Ignite Planners LLC grew its stake in United Microelectronics by 1.5% in the 3rd quarter. Ignite Planners LLC now owns 90,303 shares of the semiconductor company’s stock valued at $760,000 after buying an additional 1,360 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in United Microelectronics by 2.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 71,459 shares of the semiconductor company’s stock valued at $626,000 after buying an additional 1,756 shares in the last quarter. Hennessy Advisors Inc. raised its holdings in United Microelectronics by 13.3% during the 2nd quarter. Hennessy Advisors Inc. now owns 15,627 shares of the semiconductor company’s stock valued at $137,000 after acquiring an additional 1,836 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its position in shares of United Microelectronics by 3.3% during the second quarter. Johnson Investment Counsel Inc. now owns 57,700 shares of the semiconductor company’s stock worth $505,000 after acquiring an additional 1,865 shares in the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

United Microelectronics Price Performance

Shares of NYSE UMC opened at $6.87 on Tuesday. The stock’s 50-day simple moving average is $7.70 and its two-hundred day simple moving average is $8.17. United Microelectronics Co. has a twelve month low of $6.71 and a twelve month high of $9.00. The firm has a market capitalization of $17.22 billion, a P/E ratio of 10.57, a P/E/G ratio of 3.32 and a beta of 1.20. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16.

Analyst Ratings Changes

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