United Microelectronics Corporation $UMC Shares Bought by Vident Advisory LLC

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 lifted its position in United Microelectronics Corporation (NYSE:UMC - Free Report) by 59.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 377,780 shares of the semiconductor company's stock after purchasing an additional 141,268 shares during the quarter. Vident Advisory LLC's holdings in United Microelectronics were worth $2,701,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in shares of United Microelectronics in the first quarter valued at about $29,000. Farther Finance Advisors LLC grew its holdings 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 during the period. Choreo LLC purchased a new stake in shares of United Microelectronics in the first quarter valued at about $80,000. GAMMA Investing LLC boosted its stake in 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 buying an additional 8,772 shares during the period. Finally, Adero Partners LLC purchased a new position in United Microelectronics during the first quarter worth about $89,000. Hedge funds and other institutional investors own 5.05% of the company's stock.

United Microelectronics Stock Up 1.0%

NYSE:UMC traded up $0.06 during mid-day trading on Wednesday, hitting $6.68. The stock had a trading volume of 5,187,897 shares, compared to its average volume of 6,271,996. The stock has a 50-day simple moving average of $7.13 and a two-hundred day simple moving average of $7.14. The company has a market capitalization of $16.79 billion, a PE ratio of 13.64, a PEG ratio of 3.95 and a beta of 1.06. United Microelectronics Corporation has a twelve month low of $5.61 and a twelve month high of $8.86. The company has a current ratio of 1.77, a quick ratio of 1.46 and a debt-to-equity ratio of 0.12.

United Microelectronics (NYSE:UMC - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates 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 last year, the business earned $0.17 EPS. On average, equities research analysts anticipate that United Microelectronics Corporation will post 0.51 EPS for the current year.

United Microelectronics Increases Dividend

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

Wall Street Analysts Forecast Growth

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