DGS Capital Management LLC Buys 2,712 Shares of United Microelectronics Co. (NYSE:UMC)

DGS Capital Management LLC grew its position in shares of United Microelectronics Co. (NYSE:UMC) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,271 shares of the semiconductor company’s stock after buying an additional 2,712 shares during the quarter. DGS Capital Management LLC’s holdings in United Microelectronics were worth $878,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of UMC. Assetmark Inc. bought a new stake in United Microelectronics during the 3rd quarter valued at approximately $37,000. GAMMA Investing LLC grew its holdings in United Microelectronics by 90.7% during the 3rd quarter. GAMMA Investing LLC now owns 6,817 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 3,242 shares during the last quarter. Viking Fund Management LLC purchased a new stake in United Microelectronics in the third quarter worth $84,000. MML Investors Services LLC bought a new stake in United Microelectronics during the 3rd quarter valued at about $86,000. Finally, Synovus Financial Corp purchased a new stake in shares of United Microelectronics in the third quarter valued at approximately $89,000. Institutional investors own 5.05% of the company’s stock.

United Microelectronics Price Performance

United Microelectronics stock remained flat at $6.40 during midday trading on Friday. The company’s stock had a trading volume of 4,565,200 shares, compared to its average volume of 10,275,063. The stock has a market cap of $16.04 billion, a P/E ratio of 9.85, a P/E/G ratio of 3.19 and a beta of 1.17. United Microelectronics Co. has a one year low of $6.31 and a one year high of $9.00. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. The stock’s fifty day moving average is $7.22 and its 200-day moving average is $8.03.

Wall Street Analyst Weigh In

UMC has been the topic of several recent research reports. The Goldman Sachs Group cut shares of 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. Morgan Stanley downgraded shares of United Microelectronics from an “overweight” rating to an “equal weight” rating in a report on Monday, October 28th. StockNews.com cut United Microelectronics from a “buy” rating to a “hold” rating in a research note on Sunday, November 17th. Finally, JPMorgan Chase & Co. downgraded shares of United Microelectronics from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $7.40.

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.