Invesco Ltd. Has $821,000 Stake in United Microelectronics Corporation $UMC

Key Points

• Invesco Ltd. reduced its holdings in United Microelectronics Corporation by 56.9%, selling 151,268 shares and ending with 114,795 shares worth $821,000.
• United Microelectronics reported a quarterly earnings miss of $0.12 EPS, falling short of the analysts' estimates of $0.14, with revenue of $1.98 billion.
• The company recently increased its annual dividend to $0.3661 per share, up from the previous $0.36, resulting in a significant yield of 460.0%.

Invesco Ltd. lowered its stake in United Microelectronics Corporation (NYSE:UMC - Free Report) by 56.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,795 shares of the semiconductor company's stock after selling 151,268 shares during the quarter. Invesco Ltd.'s holdings in United Microelectronics were worth $821,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in United Microelectronics in the 1st quarter worth about $29,000. Farther Finance Advisors LLC increased its stake in United Microelectronics by 134.8% in the 1st quarter. Farther Finance Advisors LLC now owns 4,980 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 2,859 shares in the last quarter. Choreo LLC purchased a new position in United Microelectronics in the 1st quarter worth about $80,000. GAMMA Investing LLC increased its stake in United Microelectronics by 262.9% in the 1st quarter. GAMMA Investing LLC now owns 12,108 shares of the semiconductor company's stock worth $87,000 after purchasing an additional 8,772 shares in the last quarter. Finally, Adero Partners LLC purchased a new position in United Microelectronics in the 1st quarter worth about $89,000. Hedge funds and other institutional investors own 5.05% of the company's stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group reissued a "sell" rating on shares of United Microelectronics in a research note on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $7.40.

United Microelectronics Stock Down 0.3%

NYSE UMC traded down $0.02 during trading on Tuesday, reaching $6.87. 2,938,350 shares of the company's stock were exchanged, compared to its average volume of 5,819,746. United Microelectronics Corporation has a fifty-two week low of $5.61 and a fifty-two week high of $8.86. The firm has a market capitalization of $17.26 billion, a PE ratio of 14.02, a P/E/G ratio of 4.14 and a beta of 1.06. The company has a current ratio of 1.77, a quick ratio of 1.46 and a debt-to-equity ratio of 0.12. The company's fifty day simple moving average is $7.07 and its 200-day simple moving average is $7.15.

United Microelectronics (NYSE:UMC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.02). United Microelectronics had a return on equity of 11.05% and a net margin of 16.71%.The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $61.88 billion. During the same quarter in the previous year, the business posted $0.17 earnings per share. Sell-side analysts predict that United Microelectronics Corporation will post 0.51 EPS for the current year.

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.