Sequoia Financial Advisors LLC Buys 37,105 Shares of United Microelectronics Corporation (NYSE:UMC)

Sequoia Financial Advisors LLC grew its holdings in United Microelectronics Corporation (NYSE:UMC - Free Report) by 37.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 136,450 shares of the semiconductor company's stock after purchasing an additional 37,105 shares during the quarter. Sequoia Financial Advisors LLC's holdings in United Microelectronics were worth $976,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in United Microelectronics during the first quarter valued at about $29,000. Farther Finance Advisors LLC raised its stake in shares of United Microelectronics by 134.8% in the first quarter. Farther Finance Advisors LLC now owns 4,980 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 2,859 shares in the last quarter. Verdence Capital Advisors LLC bought a new position in United Microelectronics in the fourth quarter worth $69,000. Callan Family Office LLC bought a new position in United Microelectronics in the fourth quarter worth $70,000. Finally, SBI Securities Co. Ltd. acquired a new stake in United Microelectronics during the fourth quarter worth $73,000. 5.05% of the stock is currently owned by institutional investors.

United Microelectronics Price Performance

Shares of NYSE UMC traded down $0.02 during midday trading on Tuesday, reaching $7.63. 5,521,861 shares of the company traded hands, compared to its average volume of 12,770,857. United Microelectronics Corporation has a 12 month low of $5.61 and a 12 month high of $8.95. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.15 and a current ratio of 2.64. The stock's 50-day simple moving average is $7.66 and its 200-day simple moving average is $6.87. The firm has a market cap of $19.17 billion, a PE ratio of 14.13, a PEG ratio of 1.64 and a beta of 1.15.

United Microelectronics (NYSE:UMC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $57.63 billion. United Microelectronics had a net margin of 18.97% and a return on equity of 12.10%. The company's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 earnings per share. As a group, equities analysts anticipate that United Microelectronics Corporation will post 0.51 earnings per share for the current fiscal year.

United Microelectronics Increases Dividend

The firm 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 $0.3661 dividend. This is an increase from United Microelectronics's previous annual dividend of $0.36. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, June 24th. United Microelectronics's payout ratio is presently 68.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on UMC shares. Citigroup upgraded shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, March 21st. The Goldman Sachs Group reissued a "sell" rating on shares of United Microelectronics in a research report on Friday, May 23rd. Finally, Wedbush downgraded United Microelectronics from an "outperform" rating to a "neutral" rating in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently 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.