Crossmark Global Holdings Inc. Acquires 94,858 Shares of United Microelectronics Corporation (NYSE:UMC)

Crossmark Global Holdings Inc. lifted its holdings in shares of United Microelectronics Corporation (NYSE:UMC - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,257,877 shares of the semiconductor company's stock after buying an additional 94,858 shares during the quarter. Crossmark Global Holdings Inc. owned about 0.05% of United Microelectronics worth $8,994,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in United Microelectronics during the 4th quarter worth approximately $174,000. SBI Securities Co. Ltd. bought a new position in United Microelectronics during the 4th quarter worth approximately $73,000. Raymond James Financial Inc. bought a new position in United Microelectronics during the 4th quarter worth approximately $183,000. Callan Family Office LLC bought a new position in United Microelectronics during the 4th quarter worth approximately $70,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in United Microelectronics during the 4th quarter worth approximately $219,000. Institutional investors and hedge funds own 5.05% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on UMC shares. The Goldman Sachs Group reissued a "sell" rating on shares of United Microelectronics in a research note on Friday, May 23rd. Citigroup raised shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Wedbush lowered shares of United Microelectronics from an "outperform" rating to a "neutral" rating in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, United Microelectronics presently has a consensus rating of "Hold" and a consensus target price of $7.40.

United Microelectronics Stock Down 0.8%

UMC traded down $0.06 during trading on Friday, reaching $7.50. The company had a trading volume of 4,104,628 shares, compared to its average volume of 12,676,602. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.64 and a quick ratio of 2.15. United Microelectronics Corporation has a 12 month low of $5.61 and a 12 month high of $8.95. The business's fifty day moving average price is $7.78 and its 200 day moving average price is $6.93. The company has a market cap of $18.84 billion, a P/E ratio of 13.89, a PEG ratio of 1.62 and a beta of 1.14.

United Microelectronics (NYSE:UMC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The company 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 business's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. Equities analysts anticipate that United Microelectronics Corporation will post 0.51 EPS for the current year.

United Microelectronics Increases Dividend

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

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.