Crossmark Global Holdings Inc. Grows Stock Position in United Microelectronics Corporation (NYSE:UMC)

Crossmark Global Holdings Inc. increased its holdings in shares of United Microelectronics Corporation (NYSE:UMC - Free Report) by 8.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,257,877 shares of the semiconductor company's stock after purchasing an additional 94,858 shares during the period. Crossmark Global Holdings Inc. owned 0.05% of United Microelectronics worth $8,994,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new position in United Microelectronics in the 4th quarter valued at $242,000. Dimensional Fund Advisors LP raised its holdings in United Microelectronics by 20.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,288,513 shares of the semiconductor company's stock valued at $8,362,000 after acquiring an additional 214,783 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of United Microelectronics during the 1st quarter worth $29,000. PNC Financial Services Group Inc. raised its holdings in shares of United Microelectronics by 6.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 83,851 shares of the semiconductor company's stock worth $544,000 after buying an additional 5,377 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of United Microelectronics by 2,495.1% during the 1st quarter. GAMMA Investing LLC now owns 86,572 shares of the semiconductor company's stock worth $619,000 after buying an additional 83,236 shares in the last quarter. Institutional investors own 5.05% of the company's stock.

United Microelectronics Stock Up 0.1%

Shares of United Microelectronics stock traded up $0.01 on Wednesday, hitting $7.65. The company had a trading volume of 555,773 shares, compared to its average volume of 12,698,124. 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 stock has a market capitalization of $19.21 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 1.62 and a beta of 1.14. The stock has a 50 day moving average of $7.76 and a 200-day moving average of $6.92. United Microelectronics Corporation has a 1 year low of $5.61 and a 1 year 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 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). United Microelectronics had a net margin of 18.97% and a return on equity of 12.10%. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $57.63 billion. During the same period last year, the company posted $0.13 earnings per share. United Microelectronics's revenue for the quarter was up 1.9% on a year-over-year basis. As a group, sell-side analysts forecast that United Microelectronics Corporation will post 0.51 earnings per share for the current year.

United Microelectronics Increases Dividend

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

Wall Street Analysts Forecast Growth

UMC has been the subject of a number of research analyst reports. Wedbush cut United Microelectronics from an "outperform" rating to a "neutral" rating in a report on Wednesday, April 16th. Citigroup raised United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a report on Friday, March 21st. Finally, The Goldman Sachs Group reissued a "sell" rating on shares of United Microelectronics in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Microelectronics currently has an average rating of "Hold" and an average target price of $7.40.

United Microelectronics Company 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.