United Microelectronics Co. (NYSE:UMC) Shares Purchased by Raymond James & Associates

Raymond James & Associates boosted its holdings in United Microelectronics Co. (NYSE:UMC – Get Rating) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 667,812 shares of the semiconductor company’s stock after buying an additional 22,642 shares during the quarter. Raymond James & Associates’ holdings in United Microelectronics were worth $4,361,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in UMC. Edmond DE Rothschild Holding S.A. purchased a new position in United Microelectronics during the 3rd quarter worth approximately $138,000. PDS Planning Inc grew its position in United Microelectronics by 16.4% during the 4th quarter. PDS Planning Inc now owns 30,142 shares of the semiconductor company’s stock worth $197,000 after purchasing an additional 4,254 shares in the last quarter. Lazard Asset Management LLC purchased a new position in United Microelectronics during the 3rd quarter worth approximately $239,000. Quantinno Capital Management LP grew its position in United Microelectronics by 26.8% during the 3rd quarter. Quantinno Capital Management LP now owns 26,525 shares of the semiconductor company’s stock worth $148,000 after purchasing an additional 5,601 shares in the last quarter. Finally, ExodusPoint Capital Management LP purchased a new position in United Microelectronics during the 3rd quarter worth approximately $439,000. Institutional investors and hedge funds own 5.35% of the company’s stock.

United Microelectronics Stock Down 0.5 %

United Microelectronics stock opened at $7.85 on Wednesday. The firm has a market cap of $19.63 billion, a price-to-earnings ratio of 7.07, a P/E/G ratio of 4.20 and a beta of 1.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.29 and a quick ratio of 1.98. United Microelectronics Co. has a fifty-two week low of $5.36 and a fifty-two week high of $9.10. The firm has a fifty day moving average price of $8.29 and a two-hundred day moving average price of $7.81.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. HSBC cut shares of United Microelectronics from a “hold” rating to a “reduce” rating and lowered their price target for the company from $6.80 to $6.46 in a report on Thursday, April 27th. StockNews.com started coverage on shares of United Microelectronics in a report on Thursday, May 18th. They set a “strong-buy” rating on the stock. Finally, Citigroup raised shares of United Microelectronics from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $6.46.

United Microelectronics Profile

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United Microelectronics Corp. is engaged in the semiconductor foundry business, which offers complementary metal-oxide semiconductor logic wafers, mixed signal wafers, radio frequency complementary metal-oxide semiconductor wafers, embedded memory products, high voltage integrated circuits, and complementary metal-oxide semiconductor image sensors.