Rehmann Capital Advisory Group Invests $68,000 in United Microelectronics Co. (NYSE:UMC)

Rehmann Capital Advisory Group acquired a new position in United Microelectronics Co. (NYSE:UMC – Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,375 shares of the semiconductor company’s stock, valued at approximately $68,000.

Several other institutional investors have also recently made changes to their positions in the business. CWM LLC lifted its stake in shares of United Microelectronics by 10.9% in the 4th quarter. CWM LLC now owns 12,647 shares of the semiconductor company’s stock worth $83,000 after purchasing an additional 1,245 shares during the period. Alera Investment Advisors LLC lifted its stake in shares of United Microelectronics by 9.4% in the 4th quarter. Alera Investment Advisors LLC now owns 16,024 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 1,374 shares during the period. Evergreen Capital Management LLC raised its stake in United Microelectronics by 14.2% during the 3rd quarter. Evergreen Capital Management LLC now owns 11,829 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 1,471 shares during the period. FMR LLC raised its stake in United Microelectronics by 4.7% during the 2nd quarter. FMR LLC now owns 33,777 shares of the semiconductor company’s stock worth $229,000 after acquiring an additional 1,513 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in United Microelectronics by 4.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 48,275 shares of the semiconductor company’s stock worth $315,000 after acquiring an additional 1,877 shares during the period. Institutional investors own 5.35% of the company’s stock.

United Microelectronics Trading Up 1.9 %

Shares of UMC opened at $8.02 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.29 and a quick ratio of 1.98. United Microelectronics Co. has a 1 year low of $5.36 and a 1 year high of $9.10. The company has a 50 day simple moving average of $8.26 and a two-hundred day simple moving average of $7.82. The firm has a market cap of $20.06 billion, a P/E ratio of 7.23, a price-to-earnings-growth ratio of 4.19 and a beta of 1.30.

Wall Street Analyst Weigh In

UMC has been the topic of a number of recent analyst reports. Citigroup upgraded shares of United Microelectronics from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 28th. StockNews.com initiated coverage on shares of United Microelectronics in a research note on Thursday, May 18th. They set a “strong-buy” rating on the stock. Finally, HSBC cut shares of United Microelectronics from a “hold” rating to a “reduce” rating and decreased their target price for the stock from $6.80 to $6.46 in a research note on Thursday, April 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, United Microelectronics has an average rating of “Moderate Buy” and an average price target of $6.46.

United Microelectronics Profile

(Get Rating)

United Microelectronics Corp. is engaged in the semiconductor foundry business, which offers complementary metal-oxide semiconductor logic wafers, mixed signal wafers, radio frequency complementary metal-oxide semiconductor wafers, embedded memory products, high voltage integrated circuits, and complementary metal-oxide semiconductor image sensors.