Chiron Investment Management LLC Makes New $755,000 Investment in United Microelectronics Co. (NYSE:UMC)

Chiron Investment Management LLC acquired a new stake in United Microelectronics Co. (NYSE:UMC - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 89,657 shares of the semiconductor company's stock, valued at approximately $755,000.

A number of other large investors have also made changes to their positions in UMC. Cetera Advisors LLC bought a new position in United Microelectronics during the 1st quarter worth about $234,000. Sequoia Financial Advisors LLC increased its holdings in United Microelectronics by 1.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 102,206 shares of the semiconductor company's stock worth $895,000 after purchasing an additional 1,333 shares in the last quarter. Diversified Trust Co bought a new position in United Microelectronics during the 2nd quarter worth about $113,000. Blue Trust Inc. increased its holdings in United Microelectronics by 123.7% during the 2nd quarter. Blue Trust Inc. now owns 76,985 shares of the semiconductor company's stock worth $623,000 after purchasing an additional 42,575 shares in the last quarter. Finally, Hennessy Advisors Inc. increased its holdings in United Microelectronics by 13.3% during the 2nd quarter. Hennessy Advisors Inc. now owns 15,627 shares of the semiconductor company's stock worth $137,000 after purchasing an additional 1,836 shares in the last quarter. Institutional investors own 5.05% of the company's stock.

Analyst Upgrades and Downgrades

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

United Microelectronics Stock Up 0.5 %

Shares of United Microelectronics stock traded up $0.03 during trading hours on Wednesday, reaching $6.59. 3,327,790 shares of the company's stock were exchanged, compared to its average volume of 10,274,592. United Microelectronics Co. has a fifty-two week low of $6.52 and a fifty-two week high of $9.00. The stock has a market cap of $16.51 billion, a P/E ratio of 10.10, a P/E/G ratio of 3.25 and a beta of 1.17. The company has a 50 day moving average of $7.33 and a two-hundred day moving average of $8.06. 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 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.