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

Crossmark Global Holdings Inc. grew its stake in United Microelectronics Corporation (NYSE:UMC - Free Report) by 8.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,257,877 shares of the semiconductor company's stock after acquiring 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 hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of United Microelectronics during the first quarter valued at approximately $29,000. Farther Finance Advisors LLC boosted its stake 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 valued at $35,000 after acquiring an additional 2,859 shares in the last quarter. Callan Family Office LLC acquired a new stake in United Microelectronics in the fourth quarter valued at approximately $70,000. SBI Securities Co. Ltd. acquired a new stake in United Microelectronics in the fourth quarter valued at approximately $73,000. Finally, Natural Investments LLC acquired a new stake in United Microelectronics in the fourth quarter valued at approximately $74,000. 5.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

United Microelectronics Stock Performance

Shares of United Microelectronics stock traded up $0.06 during trading on Wednesday, hitting $7.70. 5,607,598 shares of the company's stock were exchanged, compared to its average volume of 12,735,266. 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 business has a 50-day simple moving average of $7.76 and a 200-day simple moving average of $6.92. United Microelectronics Corporation has a 52-week low of $5.61 and a 52-week high of $8.95. The stock has a market capitalization of $19.34 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 1.63 and a beta of 1.14.

United Microelectronics (NYSE:UMC - Get Free Report) last announced 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). The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $57.63 billion. United Microelectronics had a net margin of 18.97% and a return on equity of 12.10%. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 EPS. On average, research analysts forecast 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. This represents a dividend yield of 4.6%. This is an increase from United Microelectronics's previous annual dividend of $0.36. The ex-dividend date of this dividend is Tuesday, June 24th. United Microelectronics's payout ratio is 68.52%.

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.