BSW Wealth Partners Sells 9,352 Shares of United Microelectronics Co. (NYSE:UMC)

BSW Wealth Partners trimmed its position in shares of United Microelectronics Co. (NYSE:UMC) by 25.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,943 shares of the semiconductor company’s stock after selling 9,352 shares during the quarter. BSW Wealth Partners’ holdings in United Microelectronics were worth $227,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Acadian Asset Management LLC boosted its stake in United Microelectronics by 1,105.0% in the first quarter. Acadian Asset Management LLC now owns 205,159 shares of the semiconductor company’s stock valued at $1,659,000 after acquiring an additional 188,133 shares during the last quarter. Blue Trust Inc. lifted its stake in United Microelectronics by 136.1% during the third quarter. Blue Trust Inc. now owns 181,782 shares of the semiconductor company’s stock worth $1,592,000 after purchasing an additional 104,797 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of United Microelectronics by 35.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,949 shares of the semiconductor company’s stock valued at $283,000 after purchasing an additional 9,071 shares during the last quarter. Diversified Trust Co purchased a new position in United Microelectronics in the 2nd quarter worth approximately $113,000. Finally, Genesis Investment Management LLP raised its stake in shares of United Microelectronics by 12.2% during the third quarter. Genesis Investment Management LLP now owns 4,353,325 shares of the semiconductor company’s stock valued at $36,655,000 after acquiring an additional 474,004 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

Wall Street Analyst Weigh In

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

United Microelectronics Trading Up 3.2 %

UMC stock opened at $7.06 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.13. The firm has a market cap of $17.69 billion, a P/E ratio of 10.86, a PEG ratio of 3.76 and a beta of 1.20. United Microelectronics Co. has a 52-week low of $6.78 and a 52-week high of $9.00. The company’s 50-day simple moving average is $8.20 and its 200-day simple moving average is $8.26.

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.