Rhumbline Advisers trimmed its position in United Microelectronics Co. (NYSE:UMC - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 718,566 shares of the semiconductor company's stock after selling 39,347 shares during the period. Rhumbline Advisers' holdings in United Microelectronics were worth $5,138,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of UMC. Parallel Advisors LLC boosted its stake in United Microelectronics by 39.0% in the 1st quarter. Parallel Advisors LLC now owns 113,085 shares of the semiconductor company's stock worth $807,000 after purchasing an additional 31,739 shares in the last quarter. GAMMA Investing LLC boosted its holdings in United Microelectronics by 2,495.1% during the first quarter. GAMMA Investing LLC now owns 86,572 shares of the semiconductor company's stock worth $619,000 after buying an additional 83,236 shares in the last quarter. Wellington Management Group LLP purchased a new position in United Microelectronics during the fourth quarter worth approximately $379,000. GTS Securities LLC grew its position in shares of United Microelectronics by 119.0% in the fourth quarter. GTS Securities LLC now owns 97,052 shares of the semiconductor company's stock valued at $630,000 after purchasing an additional 52,732 shares during the period. Finally, Vise Technologies Inc. raised its stake in United Microelectronics by 83.1% in the 4th quarter. Vise Technologies Inc. now owns 26,989 shares of the semiconductor company's stock valued at $175,000 after purchasing an additional 12,249 shares during the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently commented on UMC shares. The Goldman Sachs Group reaffirmed a "sell" rating on shares of United Microelectronics in a report on Friday, May 23rd. Wedbush downgraded United Microelectronics from an "outperform" rating to a "neutral" rating in a research report on Wednesday, April 16th. Finally, Citigroup raised shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, March 21st. One equities 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.40.
View Our Latest Stock Report on UMC
United Microelectronics Price Performance
Shares of NYSE UMC traded down $0.02 during trading on Friday, hitting $8.11. 11,264,330 shares of the company were exchanged, compared to its average volume of 12,788,961. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.19 and a quick ratio of 1.76. The firm's fifty day moving average price is $7.39 and its 200 day moving average price is $6.77. United Microelectronics Co. has a 1 year low of $5.61 and a 1 year high of $9.00. The company has a market cap of $20.36 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 4.44 and a beta of 1.14.
United Microelectronics (NYSE:UMC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The business had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $57.63 billion. United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. On average, sell-side analysts expect that United Microelectronics Co. will post 0.51 earnings per share for the current fiscal year.
United Microelectronics Increases Dividend
The company also recently announced an annual dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Tuesday, June 24th will be issued a dividend of $0.3661 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a dividend yield of 4.6%. This is a boost from United Microelectronics's previous annual dividend of $0.36. United Microelectronics's payout ratio is presently 66.67%.
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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