227,448 Shares in United Microelectronics Co. (NYSE:UMC) Purchased by XTX Topco Ltd

XTX Topco Ltd acquired a new position in shares of United Microelectronics Co. (NYSE:UMC - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 227,448 shares of the semiconductor company's stock, valued at approximately $1,915,000.

Several other institutional investors and hedge funds have also recently modified their holdings of UMC. Marshall Wace LLP grew its holdings 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 worth $45,974,000 after buying an additional 4,577,177 shares in the last quarter. Two Sigma Advisers LP raised 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 purchasing an additional 970,600 shares during the last quarter. Genesis Investment Management LLP lifted its position in shares of United Microelectronics by 12.2% during 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 purchasing an additional 474,004 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in United Microelectronics by 114.4% during the second quarter. Acadian Asset Management LLC now owns 439,765 shares of the semiconductor company's stock worth $3,849,000 after purchasing an additional 234,606 shares during the last quarter. Finally, FMR LLC increased its stake in United Microelectronics by 192.7% in the 3rd quarter. FMR LLC now owns 300,738 shares of the semiconductor company's stock valued at $2,532,000 after buying an additional 197,998 shares during the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.

United Microelectronics Stock Performance

UMC traded up $0.13 during trading hours on Friday, hitting $6.72. The stock had a trading volume of 9,310,512 shares, compared to its average volume of 10,304,312. United Microelectronics Co. has a 1 year low of $6.54 and a 1 year high of $9.00. The company's fifty day simple moving average is $7.37 and its 200 day simple moving average is $8.07. The stock has a market cap of $16.84 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 3.25 and a beta of 1.17. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16.

Wall Street Analysts Forecast Growth

UMC has been the topic of several research analyst reports. JPMorgan Chase & Co. cut United Microelectronics from an "overweight" rating to a "neutral" rating in a research report on Wednesday, October 30th. StockNews.com lowered shares of United Microelectronics from a "buy" rating to a "hold" rating in a research report on Sunday, November 17th. The Goldman Sachs Group lowered shares of United Microelectronics from a "buy" rating to a "neutral" rating and set a $7.40 price objective on the stock. in a research report on Thursday, October 17th. Finally, Morgan Stanley downgraded shares of United Microelectronics from an "overweight" rating to an "equal weight" rating in a research report 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.