Ritholtz Wealth Management Has $660,000 Stake in United Microelectronics Co. (NYSE:UMC)

Ritholtz Wealth Management decreased its position in United Microelectronics Co. (NYSE:UMC) by 8.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 101,757 shares of the semiconductor company’s stock after selling 8,915 shares during the period. Ritholtz Wealth Management’s holdings in United Microelectronics were worth $660,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Marshall Wace LLP grew its position 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. Genesis Investment Management LLP grew its position in 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 worth $36,655,000 after buying an additional 474,004 shares in the last quarter. State Street Corp grew its position in United Microelectronics by 1.5% during the third quarter. State Street Corp now owns 3,661,624 shares of the semiconductor company’s stock worth $30,831,000 after buying an additional 53,105 shares in the last quarter. Barclays PLC grew its position in United Microelectronics by 8.1% during the third quarter. Barclays PLC now owns 3,205,930 shares of the semiconductor company’s stock worth $26,995,000 after buying an additional 240,380 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position in United Microelectronics by 314.1% during the third quarter. Two Sigma Advisers LP now owns 1,279,600 shares of the semiconductor company’s stock worth $10,774,000 after buying an additional 970,600 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Trading Up 1.0 %

Shares of United Microelectronics stock opened at $6.27 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.76 and a current ratio of 2.19. United Microelectronics Co. has a 52 week low of $6.09 and a 52 week high of $9.00. The stock has a 50 day moving average price of $6.61 and a two-hundred day moving average price of $7.60. The stock has a market capitalization of $15.72 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 3.00 and a beta of 1.17.

Analyst Upgrades and Downgrades

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