United Microelectronics Corporation $UMC Stock Position Lowered by Invesco Ltd.

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. trimmed its holdings in shares of United Microelectronics Corporation (NYSE:UMC - Free Report) by 56.9% in the first quarter, according to the company in its most recent filing with the SEC. 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 SEC.

Other large investors also recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new position in shares of United Microelectronics in the fourth quarter valued at approximately $242,000. Dimensional Fund Advisors LP grew its stake in United Microelectronics by 20.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,288,513 shares of the semiconductor company's stock valued at $8,362,000 after purchasing an additional 214,783 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of United Microelectronics during the 1st quarter valued at $29,000. GAMMA Investing LLC lifted its holdings in United Microelectronics by 262.9% during 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, Northern Trust Corp raised its holdings in shares of 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 acquiring an additional 2,244,574 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company's stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group reiterated 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 Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.40.

United Microelectronics Trading Up 0.8%

United Microelectronics stock traded up $0.06 during mid-day trading on Monday, hitting $6.86. The company's stock had a trading volume of 1,271,077 shares, compared to its average volume of 11,089,490. 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 stock's fifty day moving average is $7.10 and its two-hundred day moving average is $7.15. United Microelectronics Corporation has a 1 year low of $5.61 and a 1 year high of $8.86. The firm has a market capitalization of $17.22 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 4.08 and a beta of 1.06.

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

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.