99,946 Shares in United Microelectronics Corporation $UMC Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in shares of United Microelectronics Corporation (NYSE:UMC) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 99,946 shares of the semiconductor company’s stock, valued at approximately $898,000.

A number of other institutional investors also recently added to or reduced their stakes in UMC. Jones Financial Companies Lllp increased its holdings in shares of United Microelectronics by 1,794.6% during the first quarter. Jones Financial Companies Lllp now owns 62,656 shares of the semiconductor company’s stock valued at $448,000 after purchasing an additional 59,349 shares during the period. Goldman Sachs Group Inc. grew its position in United Microelectronics by 10.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,655,721 shares of the semiconductor company’s stock valued at $40,438,000 after buying an additional 537,777 shares in the last quarter. Sivia Capital Partners LLC grew its position in United Microelectronics by 25.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 29,408 shares of the semiconductor company’s stock valued at $225,000 after buying an additional 6,028 shares in the last quarter. Legal & General Group Plc acquired a new position in United Microelectronics during the 2nd quarter valued at about $108,000. Finally, Franklin Resources Inc. increased its stake in United Microelectronics by 37.9% during the 2nd quarter. Franklin Resources Inc. now owns 24,735 shares of the semiconductor company’s stock valued at $189,000 after buying an additional 6,793 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Price Performance

NYSE:UMC opened at $24.57 on Monday. 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 business’s 50-day moving average price is $19.95 and its 200 day moving average price is $13.23. United Microelectronics Corporation has a 52-week low of $6.56 and a 52-week high of $28.96. The firm has a market cap of $61.86 billion, a P/E ratio of 37.80, a PEG ratio of 2.89 and a beta of 1.58.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings data 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 company 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%. As a group, sell-side analysts predict that United Microelectronics Corporation will post 0.7 earnings per share for the current fiscal year.

United Microelectronics Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Thursday, August 6th. Investors of record on Wednesday, July 8th will be issued a dividend of $0.4122 per share. 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 yield of 144.0%. United Microelectronics’s payout ratio is 56.92%.

Wall Street Analyst Weigh In

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