6 days Ago By ABMN Staff
Prudential Financial Inc. lessened its holdings in shares of United Microelectronics Co. ( NYSE:UMC – Free Report ) by 11.
2% during the 4th quarter, HoldingsChannel reports. The firm owned 23,570 shares of the semiconductor company’s stock after selling 2,972 shares during the period. Prudential Financial Inc.
’s holdings in United Microelectronics were worth $153,000 as of its most recent SEC filing. Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc.
raised its holdings in shares of United Microelectronics by 4.9% during the fourth quarter. Vanguard Group Inc.
now owns 15,947,754 shares of the semiconductor company’s stock worth $103,501,000 after acquiring an additional 750,472 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in United Microelectronics by 178.5% in the 4th quarter.
Allspring Global Investments Holdings LLC now owns 383,842 shares of the semiconductor company’s stock valued at $2,506,000 after purchasing an additional 246,034 shares during the last quarter. Barclays PLC boosted its position in 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 purchasing an additional 240,380 shares during the period. Fisher Asset Management LLC increased its stake in shares of United Microelectronics by 3.4% during the fourth quarter.
Fisher Asset Management LLC now owns 7,300,362 shares of the semiconductor company’s stock worth $47,379,000 after purchasing an additional 237,024 shares during the period. Finally, Aigen Investment Management LP bought a new position in United Microelectronics during the fourth quarter worth about $1,328,000. Institutional investors own 5.
05% of the company’s stock. United Microelectronics Stock Performance NYSE UMC opened at $6.87 on Friday.
The stock has a fifty day simple moving average of $6.52 and a 200 day simple moving average of $6.78.
The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.
16. The company has a market capitalization of $17.20 billion, a price-to-earnings ratio of 11.
84, a PEG ratio of 4.44 and a beta of 1.12.
United Microelectronics Co. has a twelve month low of $5.61 and a twelve month high of $9.
00. Analyst Ratings Changes Separately, Citigroup upgraded shares of United Microelectronics from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, March 21st. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock.
Based on data from MarketBeat, United Microelectronics presently has an average rating of “Hold” and an average target price of $7.40. Read Our Latest Report on United Microelectronics About United Microelectronics ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding UMC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for United Microelectronics Co. ( NYSE:UMC – Free Report ). Receive News & Ratings for United Microelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Microelectronics and related companies with MarketBeat.
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