Northern Trust Corp lifted its position in shares of United Microelectronics Corp (NYSE:UMC) by 76.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,676,785 shares of the semiconductor company’s stock after purchasing an additional 1,159,883 shares during the period. Northern Trust Corp owned about 0.11% of United Microelectronics worth $4,791,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC purchased a new stake in shares of United Microelectronics during the 4th quarter worth $25,000. Private Advisor Group LLC acquired a new stake in United Microelectronics during the 4th quarter worth $32,000. Navellier & Associates Inc raised its stake in United Microelectronics by 43.3% during the 4th quarter. Navellier & Associates Inc now owns 21,190 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 6,403 shares in the last quarter. CAPROCK Group Inc. acquired a new stake in United Microelectronics during the 4th quarter worth $43,000. Finally, PNC Financial Services Group Inc. raised its stake in United Microelectronics by 60.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 58,702 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 22,091 shares in the last quarter. 5.19% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:UMC opened at $1.93 on Friday. United Microelectronics Corp has a 12 month low of $1.64 and a 12 month high of $3.14. The company has a current ratio of 2.83, a quick ratio of 2.46 and a debt-to-equity ratio of 0.32. The firm has a market cap of $4.80 billion, a P/E ratio of 19.30 and a beta of 0.81.
UMC has been the topic of several research analyst reports. HSBC lowered shares of United Microelectronics from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. ValuEngine upgraded shares of United Microelectronics from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Five investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $2.19.
TRADEMARK VIOLATION WARNING: This piece was reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this piece on another domain, it was stolen and reposted in violation of US and international copyright and trademark law. The original version of this piece can be accessed at https://www.baseballdailydigest.com/news/2019/04/21/united-microelectronics-corp-umc-stake-raised-by-northern-trust-corp.html.
About United Microelectronics
United Microelectronics Corporation provides semiconductor wafer foundry solutions. The company operates through Wafer Fabrication and New Business segments. It provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. The company also engages in the research, development, and manufacture of products in the solar energy and light-emitting diode industries.
See Also: Stock Symbol
Want to see what other hedge funds are holding UMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Microelectronics Corp (NYSE:UMC).
Receive News & Ratings for United Microelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Microelectronics and related companies with MarketBeat.com's FREE daily email newsletter.