Jump Financial LLC Has $1.16 Million Stake in United Microelectronics Corporation $UMC

Key Points

• Jump Financial LLC increased its holdings in United Microelectronics Corporation by 77.0% in the first quarter, owning 162,156 shares valued at approximately $1.16 million.
• The company announced an annual dividend of $0.3661, yielding 460.0%, which is an increase from the previous dividend of $0.36.
• United Microelectronics reported earnings per share (EPS) of $0.12 for the last quarter, missing analyst expectations of $0.14, with predicted EPS for the current year at 0.51.

Jump Financial LLC grew its position in United Microelectronics Corporation (NYSE:UMC - Free Report) by 77.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 162,156 shares of the semiconductor company's stock after purchasing an additional 70,554 shares during the period. Jump Financial LLC's holdings in United Microelectronics were worth $1,159,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Millennium Management LLC lifted its holdings in shares of United Microelectronics by 3,091.8% in 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. Citigroup Inc. increased its position in shares of United Microelectronics by 3.4% in the first quarter. Citigroup Inc. now owns 6,030,617 shares of the semiconductor company's stock valued at $43,119,000 after acquiring an additional 196,262 shares during the last quarter. Northern Trust Corp raised its holdings in United Microelectronics by 4.7% during the first quarter. Northern Trust Corp now owns 3,335,080 shares of the semiconductor company's stock worth $23,846,000 after acquiring an additional 150,636 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in United Microelectronics by 20.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,288,513 shares of the semiconductor company's stock worth $8,362,000 after acquiring an additional 214,783 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in United Microelectronics by 8.2% during the first quarter. Crossmark Global Holdings Inc. now owns 1,257,877 shares of the semiconductor company's stock worth $8,994,000 after acquiring an additional 94,858 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors.

United Microelectronics Stock Performance

NYSE:UMC traded up $0.24 on Thursday, hitting $6.89. The company's stock had a trading volume of 5,165,361 shares, compared to its average volume of 6,300,828. 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 has a fifty day moving average of $7.12 and a two-hundred day moving average of $7.14. The firm has a market capitalization of $17.30 billion, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 3.99 and a beta of 1.06. United Microelectronics Corporation has a one year low of $5.61 and a one year high of $8.86.

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

United Microelectronics Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Tuesday, June 24th were paid a $0.3661 dividend. This is a positive change from United Microelectronics's previous annual dividend of $0.36. This represents a yield of 460.0%. The ex-dividend date was Tuesday, June 24th. United Microelectronics's dividend payout ratio is currently 75.51%.

Wall Street Analyst Weigh In

Separately, 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 Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $7.40.

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.