United Microelectronics Corporation $UMC Shares Purchased by Sei Investments Co.

Key Points

• Sei Investments increased its UMC stake by 508.6% in the first quarter, acquiring 141,385 additional shares to hold 169,183 shares valued at approximately $1.52 million. Other institutional investors also expanded their positions, though institutions and hedge funds collectively own just 5.05% of the stock.
• Analyst sentiment remains mixed: recent upgrades include Zacks Research’s “strong-buy” rating and Arete Research’s “buy” rating, while other firms maintain neutral or negative views. MarketBeat’s consensus rating is “Hold,” with an average price target of $8.60.
• UMC reported quarterly earnings of $0.53 per share on $2.16 billion in revenue, with a 33.18% net margin and 21% return on equity. The company also raised its annual dividend to $0.4122 per share from $0.37.

Sei Investments Co. boosted its stake in shares of United Microelectronics Corporation (NYSE:UMC - Free Report) by 508.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 169,183 shares of the semiconductor company's stock after acquiring an additional 141,385 shares during the quarter. Sei Investments Co.'s holdings in United Microelectronics were worth $1,519,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of United Microelectronics by 3,854.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 168,648 shares of the semiconductor company's stock valued at $1,326,000 after purchasing an additional 164,383 shares in the last quarter. Moran Wealth Management LLC boosted its holdings in United Microelectronics by 13.8% during the fourth quarter. Moran Wealth Management LLC now owns 792,367 shares of the semiconductor company's stock worth $6,228,000 after buying an additional 95,871 shares in the last quarter. QRG Capital Management Inc. grew its position in United Microelectronics by 115.3% during the first quarter. QRG Capital Management Inc. now owns 86,927 shares of the semiconductor company's stock valued at $781,000 after buying an additional 46,549 shares during the period. Matthews International Capital Management LLC acquired a new stake in United Microelectronics during the first quarter valued at $8,779,000. Finally, Ethic Inc. increased its holdings in United Microelectronics by 16.6% in the fourth quarter. Ethic Inc. now owns 495,589 shares of the semiconductor company's stock valued at $3,895,000 after buying an additional 70,597 shares in the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Zacks Research raised shares of United Microelectronics from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded United Microelectronics from a "hold" rating to a "buy" rating in a research note on Saturday, July 25th. Weiss Ratings raised United Microelectronics from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, July 30th. BNP Paribas Exane reiterated an "underperform" rating on shares of United Microelectronics in a research report on Thursday, May 28th. Finally, Arete Research raised United Microelectronics from a "neutral" rating to a "buy" rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, United Microelectronics presently has a consensus rating of "Hold" and an average price target of $8.60.

United Microelectronics Stock Performance

Shares of NYSE:UMC opened at $18.84 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.17 and a quick ratio of 1.81. The business's 50 day moving average price is $22.28 and its 200-day moving average price is $15.56. The firm has a market capitalization of $47.43 billion, a PE ratio of 17.61, a P/E/G ratio of 0.44 and a beta of 1.60. United Microelectronics Corporation has a 1 year low of $6.56 and a 1 year high of $28.96.

United Microelectronics (NYSE:UMC - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The semiconductor company reported $0.53 EPS for the quarter. The firm had revenue of $2.16 billion during the quarter. United Microelectronics had a return on equity of 21.00% and a net margin of 33.18%. As a group, equities research analysts expect that United Microelectronics Corporation will post 1.23 earnings per share for the current fiscal year.

United Microelectronics Increases Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, August 6th. Stockholders of record on Wednesday, July 8th were given a $0.4122 dividend. This represents a dividend yield of 166.0%. This is a positive change from United Microelectronics's previous annual dividend of $0.37. The ex-dividend date was Wednesday, July 8th. United Microelectronics's dividend payout ratio (DPR) is currently 28.97%.

About United Microelectronics

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed NYSE: UMC and focuses on high-reliability manufacturing rather than branding consumer products.

UMC's core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source