10,243 Shares in United Microelectronics Co. (NYSE:UMC) Acquired by MML Investors Services LLC

MML Investors Services LLC acquired a new stake in United Microelectronics Co. (NYSE:UMC) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,243 shares of the semiconductor company’s stock, valued at approximately $86,000.

A number of other institutional investors have also recently made changes to their positions in the stock. XTX Topco Ltd purchased a new position in shares of United Microelectronics in the third quarter valued at about $1,915,000. Two Sigma Advisers LP increased its holdings in United Microelectronics by 314.1% during the 3rd quarter. Two Sigma Advisers LP now owns 1,279,600 shares of the semiconductor company’s stock valued at $10,774,000 after purchasing an additional 970,600 shares during the period. State Street Corp raised its position in United Microelectronics by 1.5% during the 3rd quarter. State Street Corp now owns 3,661,624 shares of the semiconductor company’s stock valued at $30,831,000 after purchasing an additional 53,105 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in United Microelectronics by 30.0% in the 3rd quarter. Quantinno Capital Management LP now owns 186,050 shares of the semiconductor company’s stock worth $1,567,000 after buying an additional 42,919 shares during the period. Finally, Verition Fund Management LLC bought a new stake in shares of United Microelectronics in the 3rd quarter worth approximately $1,099,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. downgraded United Microelectronics from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 30th. StockNews.com cut shares of United Microelectronics from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. The Goldman Sachs Group cut shares of 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. Finally, Morgan Stanley lowered shares of United Microelectronics from an “overweight” rating to an “equal weight” rating in a report on Monday, October 28th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, United Microelectronics presently has a consensus rating of “Hold” and a consensus price target of $7.40.

United Microelectronics Stock Performance

Shares of United Microelectronics stock opened at $6.64 on Friday. United Microelectronics Co. has a 12 month low of $6.31 and a 12 month high of $9.00. The firm has a market capitalization of $16.64 billion, a P/E ratio of 10.22, a P/E/G ratio of 3.09 and a beta of 1.17. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $6.90 and a two-hundred day simple moving average of $7.88.

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.