Wellington Management Group LLP acquired a new position in shares of United Microelectronics Co. (NYSE:UMC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 58,333 shares of the semiconductor company's stock, valued at approximately $379,000.
Other large investors have also recently bought and sold shares of the company. GTS Securities LLC grew its stake in shares of United Microelectronics by 119.0% during the 4th quarter. GTS Securities LLC now owns 97,052 shares of the semiconductor company's stock worth $630,000 after purchasing an additional 52,732 shares during the period. Vise Technologies Inc. lifted its stake in shares of United Microelectronics by 83.1% in the fourth quarter. Vise Technologies Inc. now owns 26,989 shares of the semiconductor company's stock valued at $175,000 after purchasing an additional 12,249 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in United Microelectronics during the fourth quarter worth about $650,000. Focus Partners Advisor Solutions LLC grew its position in United Microelectronics by 23.1% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 19,157 shares of the semiconductor company's stock worth $124,000 after buying an additional 3,593 shares during the period. Finally, Squarepoint Ops LLC grew its position in United Microelectronics by 9.6% during the fourth quarter. Squarepoint Ops LLC now owns 796,950 shares of the semiconductor company's stock worth $5,172,000 after buying an additional 70,101 shares during the period. Hedge funds and other institutional investors own 5.05% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently issued reports on UMC. Citigroup upgraded shares of United Microelectronics from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, March 21st. Wedbush downgraded United Microelectronics from an "outperform" rating to a "neutral" rating in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group reiterated a "sell" rating on shares of United Microelectronics in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $7.40.
Check Out Our Latest Research Report on United Microelectronics
United Microelectronics Stock Performance
Shares of UMC opened at $7.61 on Friday. United Microelectronics Co. has a 12-month low of $5.61 and a 12-month high of $9.00. The stock has a market cap of $19.12 billion, a P/E ratio of 13.12, a PEG ratio of 4.44 and a beta of 1.15. The company has a current ratio of 2.19, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $7.22 and a two-hundred day moving average of $6.73.
United Microelectronics (NYSE:UMC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $57.63 billion. United Microelectronics had a return on equity of 12.78% and a net margin of 20.35%. The company's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 earnings per share. As a group, research analysts predict that United Microelectronics Co. will post 0.51 EPS for the current fiscal year.
United Microelectronics Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Tuesday, June 24th will be given a $0.3661 dividend. This is an increase from United Microelectronics's previous annual dividend of $0.36. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, June 24th. United Microelectronics's dividend payout ratio is currently 64.81%.
About United Microelectronics
(
Free Report)
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.
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