Vident Advisory LLC Buys 141,268 Shares of United Microelectronics Corporation $UMC

Key Points

• Vident Advisory LLC increased its holdings in United Microelectronics Corporation by 59.7%, owning a total of 377,780 shares worth approximately $2.7 million as of its latest SEC filing.
• United Microelectronics Corporation recently reported earnings per share (EPS) of $0.12, missing the consensus estimate of $0.14, with revenues of $1.98 billion for the quarter.
• The company announced an increase in its annual dividend to $0.3661 per share, reflecting a significant dividend yield of 460%, up from the previous annual dividend of $0.36.

Vident Advisory LLC increased its stake in shares of United Microelectronics Corporation (NYSE:UMC - Free Report) by 59.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 377,780 shares of the semiconductor company's stock after acquiring an additional 141,268 shares during the period. Vident Advisory LLC's holdings in United Microelectronics were worth $2,701,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of UMC. Golden State Wealth Management LLC acquired a new position in United Microelectronics during the 1st quarter worth $29,000. Farther Finance Advisors LLC grew 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 worth $35,000 after acquiring an additional 2,859 shares during the last quarter. Choreo LLC acquired a new stake in shares of United Microelectronics in the first quarter worth $80,000. GAMMA Investing LLC grew its stake in shares of United Microelectronics by 262.9% in the first quarter. GAMMA Investing LLC now owns 12,108 shares of the semiconductor company's stock worth $87,000 after acquiring an additional 8,772 shares during the last quarter. Finally, Adero Partners LLC acquired a new stake in shares of United Microelectronics in the first quarter worth $89,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

United Microelectronics Stock Performance

UMC traded down $0.09 during trading on Friday, reaching $6.80. 4,751,803 shares of the company's stock were exchanged, compared to its average volume of 6,105,749. 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 business has a 50 day moving average price of $7.10 and a 200 day moving average price of $7.14. United Microelectronics Corporation has a fifty-two week low of $5.61 and a fifty-two week high of $8.86. The company has a market capitalization of $17.07 billion, a P/E ratio of 13.87, a PEG ratio of 4.13 and a beta of 1.06.

United Microelectronics (NYSE:UMC - Get Free Report) last posted its earnings results 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). The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $61.88 billion. United Microelectronics had a net margin of 16.71% and a return on equity of 11.05%. During the same period in the previous year, the firm earned $0.17 EPS. As a group, analysts predict that United Microelectronics Corporation will post 0.51 earnings per share for the current fiscal year.

About United Microelectronics

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.