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Citigroup upgraded shares of United Microelectronics (NYSE:UMC – Free Report) from a neutral rating to a buy rating in a report issued on Wednesday, Marketbeat Ratings reports. Several other research firms have also weighed in on UMC. HSBC raised United Microelectronics from a reduce rating to a hold rating in a research note on Thursday, […]
Investors have been on edge about chip demand after UMC's much larger peer TSMC shocked the market last week by dialling back its expectations for the sector's growth this year, especially in more mature technologies used in sectors like autos.
Anchor buildings will stay, but the rest of the former Global Mall at Crossings to be torn down
Zweig DiMenna Associates LLC lowered its stake in United Microelectronics Co. (NYSE:UMC – Free Report) by 93.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,000 shares of the semiconductor company’s stock after selling 631,771 shares during the period. Zweig […]
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