Cerity Partners LLC Has $2 Million Stake in United Microelectronics Co. (NYSE:UMC)

Cerity Partners LLC grew its stake in shares of United Microelectronics Co. (NYSE:UMC) by 90.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 237,027 shares of the semiconductor company’s stock after buying an additional 112,624 shares during the period. Cerity Partners LLC’s holdings in United Microelectronics were worth $1,996,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. bought a new position in United Microelectronics during the 3rd quarter worth approximately $37,000. GAMMA Investing LLC raised 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 purchasing an additional 3,242 shares during the period. Viking Fund Management LLC bought a new position in shares of United Microelectronics during the third quarter worth $84,000. Aprio Wealth Management LLC acquired a new position in shares of United Microelectronics in the 2nd quarter valued at $95,000. Finally, Simon Quick Advisors LLC bought a new stake in shares of United Microelectronics in the 2nd quarter valued at $103,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on UMC. StockNews.com lowered United Microelectronics from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Morgan Stanley cut United Microelectronics from an “overweight” rating to an “equal weight” rating in a report on Monday, October 28th. The Goldman Sachs Group cut United Microelectronics from a “buy” rating to a “neutral” rating and set a $7.40 target price for the company. in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. lowered shares of United Microelectronics from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 30th. Five 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 an average rating of “Hold” and an average target price of $7.40.

United Microelectronics Stock Performance

Shares of United Microelectronics stock opened at $6.75 on Monday. 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 firm has a market cap of $16.92 billion, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 3.27 and a beta of 1.20. The stock’s 50-day moving average is $7.56 and its 200-day moving average is $8.13. United Microelectronics Co. has a one year low of $6.63 and a one year high of $9.00.

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.