PDS Planning Inc Purchases 2,374 Shares of United Microelectronics Co. (NYSE:UMC)

PDS Planning Inc raised its position in shares of United Microelectronics Co. (NYSE:UMC) by 4.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,827 shares of the semiconductor company’s stock after buying an additional 2,374 shares during the period. PDS Planning Inc’s holdings in United Microelectronics were worth $462,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in United Microelectronics by 90.7% during the 3rd quarter. GAMMA Investing LLC now owns 6,817 shares of the semiconductor company’s stock valued at $57,000 after acquiring an additional 3,242 shares in the last quarter. Viking Fund Management LLC purchased a new stake in United Microelectronics in the third quarter worth $84,000. Aprio Wealth Management LLC bought a new position in United Microelectronics in the second quarter worth $95,000. Simon Quick Advisors LLC bought a new position in United Microelectronics in the second quarter worth $103,000. Finally, Cherrydale Wealth Management LLC purchased a new position in United Microelectronics during the third quarter valued at $104,000. 5.05% of the stock is currently owned by institutional investors.

United Microelectronics Stock Up 0.1 %

UMC stock opened at $7.07 on Tuesday. The business’s 50-day moving average price is $8.17 and its 200-day moving average price is $8.26. The stock has a market cap of $17.72 billion, a P/E ratio of 10.88, a PEG ratio of 3.42 and a beta of 1.20. United Microelectronics Co. has a twelve month low of $6.78 and a twelve month high of $9.00. The company has a quick ratio of 1.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on UMC shares. StockNews.com downgraded shares of United Microelectronics from a “buy” rating to a “hold” rating in a research note on Friday. The Goldman Sachs Group lowered shares of United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 price objective for the company. in a report on Thursday, October 17th. Morgan Stanley downgraded shares of United Microelectronics from an “overweight” rating to an “equal weight” rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. downgraded shares of United Microelectronics from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 30th. 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.com, United Microelectronics currently has a consensus rating of “Hold” and an average price target of $7.40.

About United Microelectronics

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.