Keybank National Association OH Takes Position in United Microelectronics Corporation $UMC

Keybank National Association OH bought a new stake in shares of United Microelectronics Corporation (NYSE:UMC) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,524 shares of the semiconductor company’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC lifted its position in United Microelectronics by 873.8% in the fourth 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 during the last quarter. Rafferty Asset Management LLC grew its holdings 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 purchasing an additional 2,826,486 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of United Microelectronics by 4.9% in the third quarter. Bank of America Corp DE now owns 7,388,868 shares of the semiconductor company’s stock worth $56,008,000 after purchasing an additional 344,416 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of 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 period. Finally, Barclays PLC increased its stake in shares of United Microelectronics by 35.2% in the fourth quarter. Barclays PLC now owns 5,511,784 shares of the semiconductor company’s stock worth $43,323,000 after buying an additional 1,435,780 shares during the period. 5.05% of the stock is currently owned by institutional investors.

United Microelectronics Trading Down 1.9%

Shares of UMC stock traded down $0.47 during trading hours on Friday, reaching $24.39. The company’s stock had a trading volume of 6,711,000 shares, compared to its average volume of 17,012,104. The company has a current ratio of 2.72, a quick ratio of 2.23 and a debt-to-equity ratio of 0.12. United Microelectronics Corporation has a one year low of $6.56 and a one year high of $28.96. The stock has a market capitalization of $61.42 billion, a P/E ratio of 37.53, a P/E/G ratio of 2.87 and a beta of 1.58. The firm’s fifty day simple moving average is $21.22 and its 200 day simple moving average is $13.77.

United Microelectronics (NYSE:UMC) last announced its earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.92 billion. Equities research analysts expect that United Microelectronics Corporation will post 0.7 EPS for the current year.

United Microelectronics Increases Dividend

The business 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 of this dividend is Wednesday, July 8th. This is an increase from United Microelectronics’s previous annual dividend of $0.37. United Microelectronics’s payout ratio is presently 49.23%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on UMC shares. Wall Street Zen raised shares of United Microelectronics from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Microelectronics in a research note on Tuesday, May 26th. Finally, BNP Paribas Exane reaffirmed an “underperform” rating on shares of United Microelectronics in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average 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.