Crossmark Global Holdings Inc. Decreases Holdings in United Microelectronics Co. (NYSE:UMC)

Crossmark Global Holdings Inc. lowered its position in United Microelectronics Co. (NYSE:UMC - Free Report) by 6.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,194,016 shares of the semiconductor company's stock after selling 81,851 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in United Microelectronics were worth $10,053,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sequoia Financial Advisors LLC lifted its position in shares of United Microelectronics by 1.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 102,206 shares of the semiconductor company's stock valued at $895,000 after acquiring an additional 1,333 shares in the last quarter. Ignite Planners LLC lifted its holdings in United Microelectronics by 1.5% during the 3rd quarter. Ignite Planners LLC now owns 90,303 shares of the semiconductor company's stock valued at $760,000 after purchasing an additional 1,360 shares during the last quarter. Inspire Advisors LLC lifted its holdings in United Microelectronics by 9.1% during the 1st quarter. Inspire Advisors LLC now owns 19,351 shares of the semiconductor company's stock valued at $157,000 after purchasing an additional 1,609 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of United Microelectronics by 2.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 71,459 shares of the semiconductor company's stock worth $626,000 after buying an additional 1,756 shares during the period. Finally, Hennessy Advisors Inc. grew its holdings in United Microelectronics by 13.3% during the second quarter. Hennessy Advisors Inc. now owns 15,627 shares of the semiconductor company's stock valued at $137,000 after purchasing an additional 1,836 shares during the period. 5.05% of the stock is currently owned by institutional investors.

United Microelectronics Stock Down 2.4 %

Shares of NYSE:UMC traded down $0.17 on Monday, hitting $6.99. 12,245,046 shares of the company traded hands, compared to its average volume of 10,267,411. United Microelectronics Co. has a 52 week low of $6.78 and a 52 week high of $9.00. The stock has a 50 day simple moving average of $8.05 and a 200-day simple moving average of $8.25. The company has a market cap of $17.52 billion, a PE ratio of 10.75, a PEG ratio of 3.47 and a beta of 1.20. The company has a quick ratio of 1.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.13.

Analysts Set New Price Targets

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