Fisher Asset Management LLC Has $59.47 Million Stake in United Microelectronics Co. (NYSE:UMC)

Fisher Asset Management LLC reduced its stake in United Microelectronics Co. (NYSE:UMC) by 7.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,063,338 shares of the semiconductor company’s stock after selling 603,967 shares during the period. Fisher Asset Management LLC’s holdings in United Microelectronics were worth $59,473,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC boosted its position in United Microelectronics by 1.3% in the second quarter. Sequoia Financial Advisors LLC now owns 102,206 shares of the semiconductor company’s stock valued at $895,000 after buying an additional 1,333 shares in the last quarter. Ignite Planners LLC grew its position in United Microelectronics by 1.5% during the 3rd quarter. Ignite Planners LLC now owns 90,303 shares of the semiconductor company’s stock worth $760,000 after acquiring an additional 1,360 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in United Microelectronics by 2.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 71,459 shares of the semiconductor company’s stock worth $626,000 after purchasing an additional 1,756 shares in the last quarter. Hennessy Advisors Inc. raised its position in United Microelectronics by 13.3% in 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 last quarter. Finally, Johnson Investment Counsel Inc. boosted its stake in shares of United Microelectronics by 3.3% during the second quarter. Johnson Investment Counsel Inc. now owns 57,700 shares of the semiconductor company’s stock valued at $505,000 after purchasing an additional 1,865 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

United Microelectronics Stock Performance

Shares of UMC opened at $6.87 on Tuesday. The stock has a 50-day moving average of $7.70 and a 200-day moving average of $8.17. United Microelectronics Co. has a one year low of $6.71 and a one year high of $9.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. The company has a market cap of $17.22 billion, a PE ratio of 10.57, a P/E/G ratio of 3.32 and a beta of 1.20.

Analyst Ratings Changes

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

United Microelectronics Company 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.