Vanguard Group Inc. Has $112.34 Million Holdings in United Microelectronics Corporation $UMC

Key Points

• Vanguard Group Inc. reduced its stake in United Microelectronics Corporation (UMC) by 1.5%, now owning approximately 15.7 million shares valued at $112.3 million.
• United Microelectronics recently missed earnings estimates for the quarter, reporting $0.12 EPS against a consensus estimate of $0.14.
• The company declared an annual dividend of $0.3661 per share, marking an increase from the previous year's dividend.

Vanguard Group Inc. reduced its position in shares of United Microelectronics Corporation (NYSE:UMC - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,712,184 shares of the semiconductor company's stock after selling 235,570 shares during the period. Vanguard Group Inc. owned about 0.63% of United Microelectronics worth $112,342,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of United Microelectronics during the first quarter worth about $29,000. Farther Finance Advisors LLC grew its holdings in shares of United Microelectronics by 134.8% during the first quarter. Farther Finance Advisors LLC now owns 4,980 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 2,859 shares during the last quarter. Choreo LLC bought a new stake in shares of United Microelectronics during the first quarter worth about $80,000. GAMMA Investing LLC grew its holdings in shares of United Microelectronics by 262.9% during the first quarter. GAMMA Investing LLC now owns 12,108 shares of the semiconductor company's stock worth $87,000 after purchasing an additional 8,772 shares during the last quarter. Finally, GeoWealth Management LLC grew its holdings in shares of United Microelectronics by 236.3% during the fourth quarter. GeoWealth Management LLC now owns 13,518 shares of the semiconductor company's stock worth $88,000 after purchasing an additional 9,498 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors.

United Microelectronics Trading Down 0.4%

UMC traded down $0.03 during trading on Thursday, hitting $6.70. The company's stock had a trading volume of 3,268,534 shares, compared to its average volume of 7,168,467. United Microelectronics Corporation has a twelve month low of $5.61 and a twelve month high of $8.86. The company has a quick ratio of 1.46, a current ratio of 1.77 and a debt-to-equity ratio of 0.12. The stock's fifty day moving average price is $7.24 and its 200-day moving average price is $7.12. The firm has a market capitalization of $16.82 billion, a P/E ratio of 13.66, a PEG ratio of 4.04 and a beta of 1.01.

United Microelectronics (NYSE:UMC - Get Free Report) last issued its quarterly earnings results 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). 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 during the quarter, compared to analyst estimates of $61.88 billion. During the same period last year, the firm posted $0.17 earnings per share. Analysts anticipate that United Microelectronics Corporation will post 0.51 EPS for the current year.

United Microelectronics Increases Dividend

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group restated a "sell" rating on shares of United Microelectronics in a report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, United Microelectronics presently has an average rating of "Hold" and an average price target of $7.40.

United Microelectronics Company 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.