Cerity Partners LLC Has $2.32 Million Holdings in United Microelectronics Corporation (NYSE:UMC)

Cerity Partners LLC raised its stake in shares of United Microelectronics Corporation (NYSE:UMC - Free Report) by 89.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,207 shares of the semiconductor company's stock after buying an additional 153,123 shares during the period. Cerity Partners LLC's holdings in United Microelectronics were worth $2,318,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV increased its stake in United Microelectronics by 4.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 35,848 shares of the semiconductor company's stock valued at $233,000 after acquiring an additional 1,599 shares during the period. Sivia Capital Partners LLC increased its stake in United Microelectronics by 8.2% during the first quarter. Sivia Capital Partners LLC now owns 23,380 shares of the semiconductor company's stock valued at $167,000 after acquiring an additional 1,773 shares during the period. QRG Capital Management Inc. raised its position in United Microelectronics by 3.1% in the first quarter. QRG Capital Management Inc. now owns 63,408 shares of the semiconductor company's stock worth $453,000 after purchasing an additional 1,891 shares in the last quarter. LPL Financial LLC raised its position in United Microelectronics by 3.3% in the fourth quarter. LPL Financial LLC now owns 61,852 shares of the semiconductor company's stock worth $401,000 after purchasing an additional 1,963 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in United Microelectronics by 134.8% in the first quarter. Farther Finance Advisors LLC now owns 4,980 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 2,859 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors.

United Microelectronics Trading Up 0.3%

UMC traded up $0.03 during mid-day trading on Monday, reaching $7.51. The stock had a trading volume of 4,881,186 shares, compared to its average volume of 12,463,303. The stock has a market capitalization of $18.85 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.60 and a beta of 1.14. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.15 and a current ratio of 2.64. The firm's fifty day simple moving average is $7.79 and its two-hundred day simple moving average is $6.97. United Microelectronics Corporation has a 52 week low of $5.61 and a 52 week high of $8.95.

United Microelectronics (NYSE:UMC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $57.63 billion. United Microelectronics had a net margin of 18.97% and a return on equity of 12.10%. The firm's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 earnings per share. On average, equities analysts predict that United Microelectronics Corporation will post 0.51 EPS for the current year.

United Microelectronics Increases Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Tuesday, June 24th will be paid a $0.3661 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a dividend yield of 4.6%. This is an increase from United Microelectronics's previous annual dividend of $0.36. United Microelectronics's dividend payout ratio is 68.52%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UMC. Wedbush lowered United Microelectronics from an "outperform" rating to a "neutral" rating in a research note on Wednesday, April 16th. The Goldman Sachs Group restated a "sell" rating on shares of United Microelectronics in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $7.40.

United Microelectronics Profile

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.