SG Americas Securities LLC Takes $898,000 Position in United Microelectronics Corporation $UMC

SG Americas Securities LLC bought a new position in United Microelectronics Corporation (NYSE:UMC) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 99,946 shares of the semiconductor company’s stock, valued at approximately $898,000.

Several other hedge funds have also made changes to their positions in UMC. AQR Capital Management LLC boosted its stake in United Microelectronics by 873.8% in the 4th quarter. AQR Capital Management LLC now owns 9,464,312 shares of the semiconductor company’s stock worth $74,389,000 after purchasing an additional 8,492,466 shares during the period. Rafferty Asset Management LLC raised its stake in United Microelectronics by 50.7% during the 2nd quarter. Rafferty Asset Management LLC now owns 8,403,064 shares of the semiconductor company’s stock valued at $64,283,000 after purchasing an additional 2,826,486 shares during the period. Bank of America Corp DE lifted its holdings in shares of United Microelectronics by 4.9% in the third quarter. Bank of America Corp DE now owns 7,388,868 shares of the semiconductor company’s stock valued at $56,008,000 after purchasing an additional 344,416 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of United Microelectronics by 10.5% in the first quarter. Goldman Sachs Group Inc. now owns 5,655,721 shares of the semiconductor company’s stock valued at $40,438,000 after purchasing an additional 537,777 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of United Microelectronics by 35.2% in the fourth quarter. Barclays PLC now owns 5,511,784 shares of the semiconductor company’s stock worth $43,323,000 after buying an additional 1,435,780 shares during the period. Hedge funds and other institutional investors own 5.05% of the company’s stock.

United Microelectronics Trading Up 0.1%

Shares of NYSE:UMC opened at $24.57 on Monday. The firm has a fifty day moving average of $19.95 and a two-hundred day moving average of $13.23. The firm has a market capitalization of $61.86 billion, a P/E ratio of 37.80, a price-to-earnings-growth ratio of 2.89 and a beta of 1.58. United Microelectronics Corporation has a 12-month low of $6.56 and a 12-month high of $28.96. The company has a quick ratio of 2.23, a current ratio of 2.72 and a debt-to-equity ratio of 0.12.

United Microelectronics (NYSE:UMC) last posted 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. United Microelectronics had a net margin of 20.71% and a return on equity of 13.67%. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.92 billion. On average, equities analysts expect 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 paid a $0.4122 dividend. This represents a yield of 144.0%. This is an increase from United Microelectronics’s previous annual dividend of $0.37. The ex-dividend date is Wednesday, July 8th. United Microelectronics’s dividend payout ratio is presently 56.92%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on UMC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of United Microelectronics in a report on Tuesday, May 26th. BNP Paribas Exane restated an “underperform” rating on shares of United Microelectronics in a research report on Thursday, May 28th. Finally, Wall Street Zen raised United Microelectronics from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. One equities research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, United Microelectronics presently has an average rating of “Strong Sell” and a consensus 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.