Wellington Management Group LLP Has $6.29 Million Stock Holdings in United Microelectronics Corporation $UMC

Wellington Management Group LLP grew its holdings in shares of United Microelectronics Corporation (NYSE:UMC) by 137.6% in the second quarter, Holdings Channel reports. The institutional investor owned 231,006 shares of the semiconductor company’s stock after acquiring an additional 133,779 shares during the period. Wellington Management Group LLP’s holdings in United Microelectronics were worth $6,286,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sei Investments Co. boosted its holdings in United Microelectronics by 508.6% during the first quarter. Sei Investments Co. now owns 169,183 shares of the semiconductor company’s stock worth $1,519,000 after purchasing an additional 141,385 shares during the last quarter. QRG Capital Management Inc. increased its stake in United Microelectronics by 115.3% in the 1st quarter. QRG Capital Management Inc. now owns 86,927 shares of the semiconductor company’s stock valued at $781,000 after buying an additional 46,549 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in United Microelectronics in the 1st quarter valued at about $628,000. Matthews International Capital Management LLC bought a new position in shares of United Microelectronics during the 1st quarter worth approximately $8,779,000. Finally, Delta Global Management LP bought a new position in shares of United Microelectronics during the 1st quarter worth approximately $1,435,000. 5.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UMC. BNP Paribas Exane reaffirmed an “underperform” rating on shares of United Microelectronics in a report on Thursday, May 28th. Weiss Ratings upgraded United Microelectronics from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Wall Street Zen raised United Microelectronics from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Arete Research upgraded United Microelectronics from a “neutral” rating to a “buy” rating in a research note on Monday, August 10th. Finally, Zacks Research raised United Microelectronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, United Microelectronics presently has an average rating of “Hold” and a consensus target price of $8.60.

United Microelectronics Trading Up 3.7%

Shares of UMC stock opened at $22.64 on Thursday. The company has a quick ratio of 1.81, a current ratio of 2.17 and a debt-to-equity ratio of 0.10. The firm has a market cap of $56.99 billion, a P/E ratio of 21.16, a PEG ratio of 0.51 and a beta of 1.59. The company has a 50 day moving average of $20.62 and a 200-day moving average of $16.98. United Microelectronics Corporation has a 12-month low of $6.72 and a 12-month high of $28.96.

United Microelectronics (NYSE:UMC) last announced its quarterly earnings data on Tuesday, June 30th. The semiconductor company reported $0.53 earnings per share for the quarter. United Microelectronics had a return on equity of 21.00% and a net margin of 33.18%.The business had revenue of $2.16 billion during the quarter. Sell-side analysts anticipate that United Microelectronics Corporation will post 1.23 earnings per share for the current year.

United Microelectronics Increases Dividend

The company also recently declared an annual dividend, which was paid on Thursday, August 6th. Stockholders of record on Wednesday, July 8th were paid a dividend of $0.4122 per share. This represents a dividend yield of 166.0%. The ex-dividend date was Wednesday, July 8th. This is a positive change from United Microelectronics’s previous annual dividend of $0.37. United Microelectronics’s dividend payout ratio is currently 28.97%.

United Microelectronics Profile

United Microelectronics Corporation (NYSE: UMC) is a Taiwan-based semiconductor foundry that manufactures integrated circuits for customers that design and market their own chips. The company provides wafer fabrication services rather than selling semiconductor products under its own consumer brand.

UMC supports a broad range of applications, including communications, automotive systems, industrial equipment, consumer electronics and computing. Its manufacturing portfolio includes logic and mixed-signal technologies, radio-frequency processes, embedded high-voltage solutions, display-driver chips, image sensors and other specialty semiconductor technologies.