Aaron Wealth Advisors LLC Makes New $323,000 Investment in United Microelectronics Corporation $UMC

Aaron Wealth Advisors LLC acquired a new stake in United Microelectronics Corporation (NYSE:UMC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,927 shares of the semiconductor company’s stock, valued at approximately $323,000.

Several other hedge funds have also made changes to their positions in UMC. RFG Advisory LLC acquired a new position in United Microelectronics in the 1st quarter valued at about $496,000. SG Americas Securities LLC purchased a new stake in shares of United Microelectronics during the first quarter worth approximately $898,000. Corient Private Wealth LLC raised its stake in shares of United Microelectronics by 8.4% during the fourth quarter. Corient Private Wealth LLC now owns 146,966 shares of the semiconductor company’s stock worth $1,155,000 after purchasing an additional 11,440 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of United Microelectronics by 1,782.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 11,956 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 11,321 shares during the period. Finally, Compound Planning Inc. lifted its holdings in shares of United Microelectronics by 18.7% during the fourth quarter. Compound Planning Inc. now owns 53,144 shares of the semiconductor company’s stock worth $418,000 after purchasing an additional 8,371 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Price Performance

United Microelectronics stock opened at $26.82 on Tuesday. The company has a market cap of $67.53 billion, a P/E ratio of 41.26, a price-to-earnings-growth ratio of 3.01 and a beta of 1.61. United Microelectronics Corporation has a one year low of $6.56 and a one year high of $28.96. The business has a fifty day moving average of $18.89 and a two-hundred day moving average of $12.73. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.23 and a current ratio of 2.72.

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. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.92 billion. United Microelectronics had a net margin of 20.71% and a return on equity of 13.67%. As a group, analysts predict that United Microelectronics Corporation will post 0.7 earnings per share for the current fiscal year.

United Microelectronics Increases Dividend

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

Wall Street Analyst Weigh In

UMC has been the topic of several recent research reports. BNP Paribas Exane reissued an “underperform” rating on shares of United Microelectronics in a research note on Thursday, May 28th. Weiss Ratings restated a “hold (c)” rating on shares of United Microelectronics in a research note on Tuesday, May 26th. Finally, Wall Street Zen raised shares of United Microelectronics from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, United Microelectronics has an average rating of “Strong Sell” and a consensus target price of $8.60.

About United Microelectronics

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.