Golden State Wealth Management LLC Buys Shares of 4,000 United Microelectronics Corporation (NYSE:UMC)

Golden State Wealth Management LLC bought a new stake in United Microelectronics Corporation (NYSE:UMC) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,000 shares of the semiconductor company’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UMC. Farther Finance Advisors LLC boosted its stake in shares of United Microelectronics by 134.8% during the first quarter. Farther Finance Advisors LLC now owns 4,980 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 2,859 shares in the last quarter. Verdence Capital Advisors LLC acquired a new stake in shares of United Microelectronics during the fourth quarter valued at about $69,000. Callan Family Office LLC acquired a new stake in shares of United Microelectronics during the fourth quarter valued at about $70,000. SBI Securities Co. Ltd. acquired a new stake in shares of United Microelectronics during the fourth quarter valued at about $73,000. Finally, Natural Investments LLC acquired a new stake in shares of United Microelectronics during the fourth quarter valued at about $74,000. Institutional investors own 5.05% of the company’s stock.

United Microelectronics Price Performance

United Microelectronics stock opened at $7.82 on Friday. The stock’s 50 day moving average is $7.71 and its 200 day moving average is $6.89. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.64 and a quick ratio of 2.15. The firm has a market cap of $19.63 billion, a P/E ratio of 14.47, a P/E/G ratio of 1.68 and a beta of 1.14. United Microelectronics Corporation has a one year low of $5.61 and a one year high of $8.95.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $57.63 billion. United Microelectronics had a return on equity of 12.10% and a net margin of 18.97%. United Microelectronics’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. As a group, research analysts expect that United Microelectronics Corporation will post 0.51 EPS for the current year.

United Microelectronics Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, July 23rd. Investors of record on Tuesday, June 24th will be paid a $0.3661 dividend. This is a positive change from United Microelectronics’s previous annual dividend of $0.36. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, June 24th. United Microelectronics’s payout ratio is currently 68.52%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. The Goldman Sachs Group reissued a “sell” rating on shares of United Microelectronics in a research note on Friday, May 23rd. Wedbush lowered United Microelectronics from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. Finally, Citigroup raised United Microelectronics from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $7.40.

About United Microelectronics

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.