Natixis Advisors LLC Purchases 20,656 Shares of United Microelectronics Co. (NYSE:UMC)

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

A number of other large investors also recently modified their holdings of the company. Assetmark Inc. bought a new position in United Microelectronics during the third quarter valued at approximately $37,000. GAMMA Investing LLC grew its holdings in shares of United Microelectronics by 90.7% during the 3rd quarter. GAMMA Investing LLC now owns 6,817 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 3,242 shares during the last quarter. Viking Fund Management LLC bought a new position in shares of United Microelectronics during the 3rd quarter valued at $84,000. Aprio Wealth Management LLC purchased a new position in United Microelectronics in the 2nd quarter worth $95,000. Finally, Simon Quick Advisors LLC bought a new stake in United Microelectronics in the second quarter worth $103,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

United Microelectronics Stock Performance

United Microelectronics stock opened at $6.87 on Tuesday. The firm has a market cap 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. United Microelectronics Co. has a 1-year low of $6.71 and a 1-year high of $9.00. The firm has a 50-day moving average of $7.70 and a 200-day moving average of $8.17. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16.

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.