Barclays PLC Has $27 Million Position in United Microelectronics Co. (NYSE:UMC)

Barclays PLC increased its stake in shares of United Microelectronics Co. (NYSE:UMC) by 8.1% during the 3rd quarter, Holdings Channel reports. The fund owned 3,205,930 shares of the semiconductor company’s stock after acquiring an additional 240,380 shares during the period. Barclays PLC’s holdings in United Microelectronics were worth $26,995,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Assetmark Inc. bought a new position in shares of United Microelectronics during the 3rd quarter worth about $37,000. GAMMA Investing LLC boosted its holdings in United Microelectronics by 90.7% in the third quarter. GAMMA Investing LLC now owns 6,817 shares of the semiconductor company’s stock worth $57,000 after acquiring an additional 3,242 shares in the last quarter. Viking Fund Management LLC acquired a new stake in United Microelectronics in the third quarter valued at approximately $84,000. MML Investors Services LLC bought a new stake in shares of United Microelectronics during the third quarter valued at approximately $86,000. Finally, Simon Quick Advisors LLC acquired a new position in shares of United Microelectronics during the second quarter worth approximately $103,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

United Microelectronics Stock Performance

NYSE UMC opened at $6.40 on Friday. The company has a fifty day moving average price of $7.22 and a 200-day moving average price of $8.03. The firm has a market cap of $16.03 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 3.19 and a beta of 1.17. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. United Microelectronics Co. has a 1 year low of $6.31 and a 1 year high of $9.00.

Analysts Set New Price Targets

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