Delta Global Management LP Makes New Investment in United Microelectronics Corporation $UMC

Delta Global Management LP purchased a new stake in United Microelectronics Corporation (NYSE:UMC) in the first quarter, Holdings Channel reports. The institutional investor purchased 159,747 shares of the semiconductor company’s stock, valued at approximately $1,435,000.

Several other large investors also recently made changes to their positions in the business. Jones Financial Companies Lllp raised its holdings in shares of United Microelectronics by 1,794.6% in the 1st quarter. Jones Financial Companies Lllp now owns 62,656 shares of the semiconductor company’s stock worth $448,000 after purchasing an additional 59,349 shares in the last quarter. Goldman Sachs Group Inc. grew its position in 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 worth $40,438,000 after buying an additional 537,777 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of United Microelectronics by 25.8% in the second 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 bought a new position in shares of United Microelectronics in the second quarter valued at $108,000. Finally, Franklin Resources Inc. increased its holdings in shares of United Microelectronics by 37.9% in the second 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 in the last quarter. Institutional investors own 5.05% of the company’s stock.

United Microelectronics Stock Performance

Shares of UMC opened at $19.43 on Monday. United Microelectronics Corporation has a one year low of $6.56 and a one year high of $28.96. The company has a 50-day moving average of $22.51 and a two-hundred day moving average of $14.80. The stock has a market cap of $48.93 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 2.31 and a beta of 1.58. 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 (NYSE:UMC) last released its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, topping the consensus estimate 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 research analysts expect that United Microelectronics Corporation will post 0.69 earnings per share for the current year.

United Microelectronics Increases Dividend

The company also recently disclosed 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. This represents a 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 presently 49.23%.

Analyst Upgrades and Downgrades

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