Aubrey Capital Management Ltd Invests $2.72 Million in United Microelectronics Corporation $UMC

Aubrey Capital Management Ltd acquired a new position in United Microelectronics Corporation (NYSE:UMC - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 100,000 shares of the semiconductor company's stock, valued at approximately $2,721,000. United Microelectronics accounts for about 1.7% of Aubrey Capital Management Ltd's portfolio, making the stock its 29th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC acquired a new stake in United Microelectronics during the second quarter worth approximately $27,000. TD Private Client Wealth LLC acquired a new position in United Microelectronics in the fourth quarter valued at approximately $32,000. CoreCap Advisors LLC lifted its stake in United Microelectronics by 271.0% in the second quarter. CoreCap Advisors LLC now owns 1,369 shares of the semiconductor company's stock valued at $37,000 after buying an additional 1,000 shares during the period. Trust Co. of Vermont bought a new position in shares of United Microelectronics during the 2nd quarter worth approximately $41,000. Finally, Kestra Advisory Services LLC bought a new position in shares of United Microelectronics during the 4th quarter worth approximately $52,000. 5.05% of the stock is currently owned by institutional investors.

United Microelectronics Trading Up 0.7%

Shares of UMC stock opened at $19.92 on Tuesday. United Microelectronics Corporation has a 52-week low of $6.56 and a 52-week high of $28.96. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.81 and a current ratio of 2.17. The company has a 50-day simple moving average of $21.45 and a two-hundred day simple moving average of $16.46. The company has a market capitalization of $50.15 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 0.46 and a beta of 1.60.

United Microelectronics (NYSE:UMC - Get Free Report) last posted its earnings results on Tuesday, June 30th. The semiconductor company reported $0.53 EPS for the quarter. The firm had revenue of $2.16 billion for the quarter. United Microelectronics had a net margin of 33.18% and a return on equity of 21.00%. Research analysts anticipate that United Microelectronics Corporation will post 1.23 EPS for the current fiscal year.

United Microelectronics Increases Dividend

The business also recently declared an annual dividend, which was paid on Thursday, August 6th. Investors of record on Wednesday, July 8th were given a dividend of $0.4122 per share. The ex-dividend date was Wednesday, July 8th. This is an increase from United Microelectronics's previous annual dividend of $0.37. This represents a yield of 166.0%. United Microelectronics's dividend payout ratio (DPR) is currently 28.97%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Zacks Research raised shares of United Microelectronics from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Wall Street Zen raised shares of United Microelectronics from a "hold" rating to a "buy" rating in a research note on Saturday, July 25th. Weiss Ratings upgraded shares of United Microelectronics from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, July 30th. Arete Research raised shares of United Microelectronics from a "neutral" rating to a "buy" rating in a research note on Monday, August 10th. Finally, BNP Paribas Exane reissued an "underperform" rating on shares of United Microelectronics in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, United Microelectronics presently has an average rating of "Hold" and an average target price of $8.60.

United Microelectronics Profile

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed NYSE: UMC and focuses on high-reliability manufacturing rather than branding consumer products.

UMC's core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.

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