Wellington Management Group LLP Invests $379,000 in United Microelectronics Co. (NYSE:UMC)

Wellington Management Group LLP bought a new stake in United Microelectronics Co. (NYSE:UMC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 58,333 shares of the semiconductor company's stock, valued at approximately $379,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Savant Capital LLC acquired a new stake in United Microelectronics during the fourth quarter worth about $66,000. Verdence Capital Advisors LLC purchased a new stake in shares of United Microelectronics in the fourth quarter worth about $69,000. Callan Family Office LLC purchased a new stake in shares of United Microelectronics in the fourth quarter worth about $70,000. SBI Securities Co. Ltd. purchased a new position in United Microelectronics in the fourth quarter valued at about $73,000. Finally, Natural Investments LLC purchased a new position in United Microelectronics in the fourth quarter valued at about $74,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wedbush cut United Microelectronics from an "outperform" rating to a "neutral" rating in a research note on Wednesday, April 16th. Citigroup raised United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research note on Friday, March 21st. Finally, The Goldman Sachs Group reaffirmed a "sell" rating on shares of United Microelectronics in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $7.40.

United Microelectronics Stock Up 0.2%

Shares of United Microelectronics stock traded up $0.02 during midday trading on Wednesday, hitting $7.91. The company's stock had a trading volume of 9,977,684 shares, compared to its average volume of 12,755,934. The firm has a market capitalization of $19.86 billion, a P/E ratio of 13.63, a PEG ratio of 4.44 and a beta of 1.14. The stock has a 50-day simple moving average of $7.31 and a 200-day simple moving average of $6.75. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 0.16. United Microelectronics Co. has a 1-year low of $5.61 and a 1-year high of $9.00.

United Microelectronics (NYSE:UMC - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $57.63 billion. United Microelectronics had a net margin of 20.35% and a return on equity of 12.78%. United Microelectronics's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 EPS. As a group, sell-side analysts expect that United Microelectronics Co. will post 0.51 earnings per share for the current year.

United Microelectronics Increases Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Tuesday, June 24th will be given a $0.3661 dividend. The ex-dividend date is Tuesday, June 24th. This represents a dividend yield of 4.6%. This is a boost from United Microelectronics's previous annual dividend of $0.36. United Microelectronics's payout ratio is currently 64.81%.

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.