United Microelectronics Corporation $UMC Shares Purchased by Jump Financial LLC

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 increased its position in shares of United Microelectronics Corporation (NYSE:UMC - Free Report) by 77.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,156 shares of the semiconductor company's stock after buying 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 reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its stake in United Microelectronics by 3,091.8% during the 4th quarter. Millennium Management LLC now owns 14,329,393 shares of the semiconductor company's stock worth $92,998,000 after buying an additional 13,880,446 shares during the period. Citigroup Inc. increased its position in shares of United Microelectronics by 3.4% in the 1st quarter. Citigroup Inc. now owns 6,030,617 shares of the semiconductor company's stock worth $43,119,000 after purchasing an additional 196,262 shares during the last quarter. Northern Trust Corp increased its position in shares of United Microelectronics by 4.7% in the 1st quarter. Northern Trust Corp now owns 3,335,080 shares of the semiconductor company's stock worth $23,846,000 after purchasing an additional 150,636 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 worth $8,362,000 after purchasing an additional 214,783 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of United Microelectronics by 8.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 1,257,877 shares of the semiconductor company's stock worth $8,994,000 after purchasing an additional 94,858 shares during the last quarter. Hedge funds and other institutional investors own 5.05% of the company's stock.

United Microelectronics Stock Performance

Shares of NYSE:UMC traded up $0.04 during trading on Wednesday, reaching $6.66. 2,083,878 shares of the company's stock traded hands, compared to its average volume of 11,203,438. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.77 and a quick ratio of 1.46. United Microelectronics Corporation has a 12 month low of $5.61 and a 12 month high of $8.86. The company has a 50 day moving average of $7.15 and a 200-day moving average of $7.14. The stock has a market capitalization of $16.72 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 3.95 and a beta of 1.06.

United Microelectronics (NYSE:UMC - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $61.88 billion. During the same period in the prior year, the company earned $0.17 EPS. On average, equities analysts expect that United Microelectronics Corporation will post 0.51 EPS for the current year.

United Microelectronics Increases Dividend

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

Wall Street Analysts Forecast Growth

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

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.