GAMMA Investing LLC boosted its stake in United Microelectronics Corporation (NYSE:UMC - Free Report) by 2,495.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,572 shares of the semiconductor company's stock after buying an additional 83,236 shares during the period. GAMMA Investing LLC's holdings in United Microelectronics were worth $619,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in UMC. Vanguard Group Inc. boosted its position in United Microelectronics by 4.9% during the 4th quarter. Vanguard Group Inc. now owns 15,947,754 shares of the semiconductor company's stock worth $103,501,000 after acquiring an additional 750,472 shares during the period. Millennium Management LLC raised its stake in shares of United Microelectronics by 3,091.8% during the fourth quarter. Millennium Management LLC now owns 14,329,393 shares of the semiconductor company's stock valued at $92,998,000 after purchasing an additional 13,880,446 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of United Microelectronics by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 7,300,362 shares of the semiconductor company's stock valued at $47,379,000 after purchasing an additional 237,024 shares in the last quarter. Barclays PLC lifted its holdings in United Microelectronics by 10.7% in the fourth quarter. Barclays PLC now owns 3,547,867 shares of the semiconductor company's stock worth $23,026,000 after purchasing an additional 341,937 shares during the period. Finally, Northern Trust Corp grew its position in United Microelectronics by 238.8% in the 4th quarter. Northern Trust Corp now owns 3,184,444 shares of the semiconductor company's stock valued at $20,667,000 after buying an additional 2,244,574 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors.
United Microelectronics Price Performance
NYSE UMC traded up $0.09 on Thursday, reaching $8.26. The company's stock had a trading volume of 9,913,048 shares, compared to its average volume of 12,807,253. United Microelectronics Corporation has a twelve month low of $5.61 and a twelve month high of $9.00. 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 50 day moving average is $7.49 and its two-hundred day moving average is $6.80. The stock has a market cap of $20.74 billion, a PE ratio of 15.29, a PEG ratio of 1.75 and a beta of 1.14.
United Microelectronics (NYSE:UMC - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $1.78 billion for 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 earnings per share. As a group, sell-side analysts predict that United Microelectronics Corporation will post 0.51 EPS for the current year.
United Microelectronics Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Tuesday, June 24th will be paid a dividend of $0.3661 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This is a positive change from United Microelectronics's previous annual dividend of $0.36. This represents a dividend yield of 4.6%. United Microelectronics's dividend payout ratio (DPR) is currently 66.67%.
Analyst Ratings Changes
A number of analysts have commented on the stock. Citigroup upgraded shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, March 21st. Wedbush lowered shares of United Microelectronics from an "outperform" rating to a "neutral" rating in a research note on Wednesday, April 16th. Finally, 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 issued a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $7.40.
View Our Latest Report on United Microelectronics
About United Microelectronics
(
Free Report)
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.
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