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

Crossmark Global Holdings Inc. boosted its stake in United Microelectronics Corporation (NYSE:UMC - Free Report) by 8.2% in the 1st quarter, according to its most recent disclosure 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 period. Crossmark Global Holdings Inc. owned 0.05% of United Microelectronics worth $8,994,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hsbc Holdings PLC purchased a new stake in United Microelectronics in the fourth quarter worth about $242,000. Dimensional Fund Advisors LP lifted its holdings in United Microelectronics by 20.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,288,513 shares of the semiconductor company's stock worth $8,362,000 after buying an additional 214,783 shares during the period. Golden State Wealth Management LLC purchased a new stake in United Microelectronics in the first quarter worth about $29,000. GAMMA Investing LLC lifted its holdings in United Microelectronics by 262.9% in the first quarter. GAMMA Investing LLC now owns 12,108 shares of the semiconductor company's stock worth $87,000 after buying an additional 8,772 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in United Microelectronics by 6.9% in the fourth 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 during the period. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UMC has been the subject of several research analyst reports. Citigroup upgraded shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a report on Friday, March 21st. Wedbush lowered shares of United Microelectronics from an "outperform" rating to a "neutral" rating in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group reiterated a "sell" rating on shares of United Microelectronics in a report on Friday, May 23rd. One investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $7.40.

United Microelectronics Stock Down 1.9%

Shares of UMC stock traded down $0.15 during trading hours on Thursday, hitting $7.56. 2,310,259 shares of the company's stock traded hands, compared to its average volume of 12,693,959. The stock's fifty day simple moving average is $7.77 and its two-hundred day simple moving average is $6.92. United Microelectronics Corporation has a 12-month low of $5.61 and a 12-month high of $8.95. The stock has a market cap of $18.98 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.63 and a beta of 1.14. The company has a quick ratio of 2.15, a current ratio of 2.64 and a debt-to-equity ratio of 0.11.

United Microelectronics (NYSE:UMC - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share (EPS) 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 business had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $57.63 billion. During the same quarter in the previous year, the business posted $0.13 earnings per share. United Microelectronics's revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts expect that United Microelectronics Corporation will post 0.51 EPS for the current year.

United Microelectronics Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Tuesday, June 24th will be issued a dividend of $0.3661 per share. This represents a dividend yield of 4.6%. This is a positive change from United Microelectronics's previous annual dividend of $0.36. The ex-dividend date is Tuesday, June 24th. United Microelectronics's dividend payout ratio (DPR) is presently 66.67%.

About United Microelectronics

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.