StockNews.com upgraded shares of United Microelectronics (NYSE:UMC – Get Rating) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday morning.

Other analysts have also issued reports about the stock. Loop Capital initiated coverage on shares of United Microelectronics in a research note on Monday, January 23rd. They set a hold rating for the company. Bank of America initiated coverage on shares of United Microelectronics in a research note on Monday, January 9th. They set a buy rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy.

United Microelectronics Stock Down 0.5 %

Shares of United Microelectronics stock opened at $7.84 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.47 and a quick ratio of 2.19. The company has a 50-day moving average of $7.21 and a 200 day moving average of $6.73. The firm has a market cap of $19.57 billion, a price-to-earnings ratio of 6.70, a PEG ratio of 4.30 and a beta of 1.22. United Microelectronics has a 1 year low of $5.36 and a 1 year high of $10.26.

Institutional Trading of United Microelectronics

A number of large investors have recently made changes to their positions in UMC. Foster Victor Wealth Advisors LLC boosted its holdings in shares of United Microelectronics by 7.3% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 39,959 shares of the semiconductor company's stock worth $280,000 after buying an additional 2,715 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of United Microelectronics by 5.9% in the fourth quarter. Ballentine Partners LLC now owns 49,129 shares of the semiconductor company's stock worth $321,000 after buying an additional 2,752 shares during the last quarter. Drive Wealth Management LLC purchased a new position in shares of United Microelectronics in the fourth quarter worth approximately $76,000. PDS Planning Inc boosted its holdings in shares of United Microelectronics by 16.4% in the fourth quarter. PDS Planning Inc now owns 30,142 shares of the semiconductor company's stock worth $197,000 after buying an additional 4,254 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC purchased a new position in shares of United Microelectronics in the fourth quarter worth approximately $70,000. 5.35% of the stock is currently owned by institutional investors.

United Microelectronics Company Profile

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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.

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