55,230 Shares in United Microelectronics Corporation $UMC Purchased by RFG Advisory LLC

RFG Advisory LLC purchased a new stake in United Microelectronics Corporation (NYSE:UMC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,230 shares of the semiconductor company’s stock, valued at approximately $496,000.

Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of 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 valued at $74,389,000 after purchasing an additional 8,492,466 shares in the last quarter. Two Sigma Investments LP grew its position in shares of United Microelectronics by 832.5% during the third quarter. Two Sigma Investments LP now owns 3,530,564 shares of the semiconductor company’s stock worth $26,762,000 after buying an additional 3,151,936 shares in the last quarter. Rafferty Asset Management LLC increased its stake in shares of United Microelectronics by 50.7% in the second quarter. Rafferty Asset Management LLC now owns 8,403,064 shares of the semiconductor company’s stock worth $64,283,000 after buying an additional 2,826,486 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of United Microelectronics in the third quarter worth $21,235,000. Finally, Balyasny Asset Management L.P. increased its stake in shares of United Microelectronics by 2,011.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,980,820 shares of the semiconductor company’s stock worth $15,569,000 after buying an additional 1,886,996 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Stock Performance

Shares of UMC opened at $26.82 on Tuesday. The stock has a market capitalization of $67.53 billion, a PE ratio of 41.26, a price-to-earnings-growth ratio of 3.01 and a beta of 1.61. The business’s fifty day moving average price is $18.89 and its 200 day moving average price is $12.73. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.72 and a quick ratio of 2.23. United Microelectronics Corporation has a 12-month low of $6.56 and a 12-month high of $28.96.

United Microelectronics (NYSE:UMC) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.08. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.92 billion. United Microelectronics had a net margin of 20.71% and a return on equity of 13.67%. Equities research analysts forecast that United Microelectronics Corporation will post 0.7 EPS for the current year.

United Microelectronics Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, August 6th. Investors of record on Wednesday, July 8th will be given a dividend of $0.4122 per share. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a dividend yield of 144.0%. This is a boost from United Microelectronics’s previous annual dividend of $0.37. United Microelectronics’s payout ratio is currently 47.69%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of United Microelectronics from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of United Microelectronics in a research note on Tuesday, May 26th. Finally, BNP Paribas Exane reiterated an “underperform” rating on shares of United Microelectronics in a research note on Thursday, May 28th. One research analyst has rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, United Microelectronics currently has a consensus rating of “Strong Sell” and an average target price of $8.60.

United Microelectronics 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.