ABN Amro Investment Solutions Boosts Stock Position in United Microelectronics Corporation $UMC

ABN Amro Investment Solutions grew its holdings in United Microelectronics Corporation (NYSE:UMC) by 300.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 87,700 shares of the semiconductor company’s stock after buying an additional 65,800 shares during the quarter. ABN Amro Investment Solutions’ holdings in United Microelectronics were worth $788,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UMC. Commonwealth Financial Services LLC acquired a new position in United Microelectronics in the first quarter valued at approximately $140,000. Dimensional Fund Advisors LP grew its holdings in shares of United Microelectronics by 13.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,849,737 shares of the semiconductor company’s stock worth $25,591,000 after acquiring an additional 333,011 shares during the period. Parallel Advisors LLC boosted its position in shares of United Microelectronics by 3.1% in the 1st quarter. Parallel Advisors LLC now owns 124,838 shares of the semiconductor company’s stock worth $1,121,000 after buying an additional 3,706 shares in the last quarter. AIA Group Ltd acquired a new position in shares of United Microelectronics during the 1st quarter worth approximately $815,000. Finally, Euro Pacific Asset Management LLC grew its stake in United Microelectronics by 26.1% in the 1st quarter. Euro Pacific Asset Management LLC now owns 18,552 shares of the semiconductor company’s stock worth $171,000 after acquiring an additional 3,836 shares during the period. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

United Microelectronics Stock Down 6.9%

UMC opened at $19.43 on Friday. The business has a 50 day moving average price of $22.51 and a 200 day moving average price of $14.75. 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 Corporation has a twelve month low of $6.56 and a twelve month high of $28.96. The firm has a market cap of $48.93 billion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 2.31 and a beta of 1.58.

United Microelectronics (NYSE:UMC) last announced its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.12 by $0.08. United Microelectronics had a return on equity of 13.67% and a net margin of 20.71%.The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Research analysts forecast that United Microelectronics Corporation will post 0.69 EPS for the current year.

United Microelectronics Increases Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, August 6th. Stockholders of record on Wednesday, July 8th will be given a dividend of $0.4122 per share. This represents a dividend yield of 166.0%. The ex-dividend date is 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 49.23%.

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.