Bridgewater Advisors Inc. Lowers Stock Holdings in United Microelectronics Co. (NYSE:UMC)

Bridgewater Advisors Inc. lessened its stake in United Microelectronics Co. (NYSE:UMC) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,077 shares of the semiconductor company’s stock after selling 3,441 shares during the period. Bridgewater Advisors Inc.’s holdings in United Microelectronics were worth $448,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP increased its stake in United Microelectronics by 682.1% in the 2nd quarter. Marshall Wace LLP now owns 5,248,227 shares of the semiconductor company’s stock valued at $45,974,000 after buying an additional 4,577,177 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of United Microelectronics by 314.1% in the third quarter. Two Sigma Advisers LP now owns 1,279,600 shares of the semiconductor company’s stock valued at $10,774,000 after acquiring an additional 970,600 shares in the last quarter. Genesis Investment Management LLP boosted its holdings in shares of United Microelectronics by 12.2% in 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 in the last quarter. Barclays PLC increased its stake in shares of United Microelectronics by 8.1% during the third quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company’s stock worth $26,995,000 after acquiring an additional 240,380 shares during the period. Finally, XTX Topco Ltd purchased a new position in United Microelectronics during the third quarter worth about $1,915,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

United Microelectronics Stock Up 1.0 %

UMC opened at $6.27 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19. The company has a market cap of $15.72 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 3.00 and a beta of 1.17. United Microelectronics Co. has a one year low of $6.09 and a one year high of $9.00. The business’s fifty day moving average is $6.62 and its two-hundred day moving average is $7.62.

Wall Street Analyst Weigh In

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

About United Microelectronics

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.