United Microelectronics Corporation $UMC Stock Holdings Boosted by Moran Wealth Management LLC

Moran Wealth Management LLC grew its position in shares of United Microelectronics Corporation (NYSE:UMC) by 14.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 910,416 shares of the semiconductor company’s stock after purchasing an additional 118,049 shares during the quarter. Moran Wealth Management LLC’s holdings in United Microelectronics were worth $8,176,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of UMC. Smartleaf Asset Management LLC acquired a new stake in shares of United Microelectronics in the second quarter valued at $27,000. TD Private Client Wealth LLC acquired a new position in United Microelectronics during the fourth quarter worth about $32,000. Kestra Advisory Services LLC acquired a new position in United Microelectronics during the fourth quarter worth about $52,000. Arax Advisory Partners raised its position in United Microelectronics by 583.7% in the fourth quarter. Arax Advisory Partners now owns 8,656 shares of the semiconductor company’s stock worth $68,000 after acquiring an additional 7,390 shares in the last quarter. Finally, Allworth Financial LP raised its position in United Microelectronics by 20.5% in the fourth quarter. Allworth Financial LP now owns 8,817 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 1,498 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

United Microelectronics Stock Performance

UMC opened at $24.57 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.72 and a debt-to-equity ratio of 0.12. The firm has a market cap of $61.86 billion, a PE ratio of 37.80, a P/E/G ratio of 2.89 and a beta of 1.58. The business has a fifty day simple moving average of $19.95 and a 200-day simple moving average of $13.19. United Microelectronics Corporation has a fifty-two week low of $6.56 and a fifty-two week high of $28.96.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.92 billion. United Microelectronics had a return on equity of 13.67% and a net margin of 20.71%. As a group, equities analysts predict that United Microelectronics Corporation will post 0.7 EPS for the current fiscal year.

United Microelectronics Increases Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, August 6th. Shareholders of record on Wednesday, July 8th will be issued a $0.4122 dividend. The ex-dividend date is Wednesday, July 8th. This is a positive change from United Microelectronics’s previous annual dividend of $0.37. This represents a dividend yield of 144.0%. United Microelectronics’s dividend payout ratio is 56.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on UMC shares. Weiss Ratings reissued a “hold (c)” rating on shares of United Microelectronics in a report on Tuesday, May 26th. BNP Paribas Exane reaffirmed an “underperform” rating on shares of United Microelectronics in a research note on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of United Microelectronics from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. One equities research analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Strong Sell” and an average target price of $8.60.

United Microelectronics Company Profile

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed (NYSE: UMC) and focuses on high-reliability manufacturing rather than branding consumer products.

UMC’s core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.