United Microelectronics Co. (NYSE:UMC) Shares Sold by Diversified Trust Co

Diversified Trust Co reduced its stake in shares of United Microelectronics Co. (NYSE:UMC) by 19.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,228 shares of the semiconductor company’s stock after selling 2,539 shares during the quarter. Diversified Trust Co’s holdings in United Microelectronics were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new position in United Microelectronics during the third quarter worth about $37,000. GAMMA Investing LLC grew its position in United Microelectronics by 90.7% during the third quarter. GAMMA Investing LLC now owns 6,817 shares of the semiconductor company’s stock worth $57,000 after buying an additional 3,242 shares during the period. Viking Fund Management LLC acquired a new position in United Microelectronics during the third quarter worth about $84,000. MML Investors Services LLC acquired a new position in United Microelectronics during the third quarter worth about $86,000. Finally, Synovus Financial Corp acquired a new position in United Microelectronics during the third quarter worth about $89,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

United Microelectronics Stock Performance

Shares of UMC opened at $6.16 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19. The company has a market capitalization of $15.44 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 3.09 and a beta of 1.17. The company’s 50 day simple moving average is $6.70 and its 200 day simple moving average is $7.70. United Microelectronics Co. has a 1 year low of $6.14 and a 1 year high of $9.00.

Wall Street Analyst Weigh In

Several analysts have recently commented 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. The Goldman Sachs Group lowered 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. Morgan Stanley lowered shares of United Microelectronics from an “overweight” rating to an “equal weight” rating in a research report on Monday, October 28th. Finally, StockNews.com lowered shares of United Microelectronics from a “buy” rating to a “hold” rating in a research report on Sunday, November 17th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.