Ignite Planners LLC Purchases 7,406 Shares of United Microelectronics Co. (NYSE:UMC)

Ignite Planners LLC raised its holdings in shares of United Microelectronics Co. (NYSE:UMC) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,709 shares of the semiconductor company’s stock after buying an additional 7,406 shares during the quarter. Ignite Planners LLC’s holdings in United Microelectronics were worth $642,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Marshall Wace LLP raised its position in United Microelectronics by 682.1% during the second quarter. Marshall Wace LLP now owns 5,248,227 shares of the semiconductor company’s stock valued at $45,974,000 after purchasing an additional 4,577,177 shares in the last quarter. Genesis Investment Management LLP increased 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 worth $36,655,000 after buying an additional 474,004 shares during the period. State Street Corp lifted its position in United Microelectronics by 1.5% in the third 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. Barclays PLC raised its holdings in United Microelectronics by 8.1% during the 3rd quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company’s stock valued at $26,995,000 after buying an additional 240,380 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of United Microelectronics by 314.1% during the third quarter. Two Sigma Advisers LP now owns 1,279,600 shares of the semiconductor company’s stock worth $10,774,000 after purchasing an additional 970,600 shares during the period. 5.05% of the stock is currently owned by institutional investors.

United Microelectronics Stock Up 1.0 %

Shares of United Microelectronics stock opened at $6.21 on Tuesday. United Microelectronics Co. has a 1 year low of $6.09 and a 1 year high of $9.00. The firm has a market cap of $15.56 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 3.09 and a beta of 1.17. The company has a 50-day moving average of $6.69 and a 200 day moving average of $7.68. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. 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 report on Thursday, October 17th. StockNews.com lowered shares of United Microelectronics from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. JPMorgan Chase & Co. downgraded United Microelectronics from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley cut 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7.40.

United Microelectronics 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.