Invesco Ltd. Sells 151,268 Shares of United Microelectronics Corporation $UMC

Invesco Ltd. trimmed its holdings in United Microelectronics Corporation (NYSE:UMC) by 56.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 114,795 shares of the semiconductor company’s stock after selling 151,268 shares during the quarter. Invesco Ltd.’s holdings in United Microelectronics were worth $821,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of United Microelectronics in the 1st quarter worth approximately $29,000. Farther Finance Advisors LLC lifted its holdings in shares of United Microelectronics by 134.8% in the 1st quarter. Farther Finance Advisors LLC now owns 4,980 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 2,859 shares during the last quarter. Choreo LLC bought a new stake in shares of United Microelectronics in the 1st quarter worth approximately $80,000. GAMMA Investing LLC lifted its holdings in shares of United Microelectronics by 262.9% in the 1st quarter. GAMMA Investing LLC now owns 12,108 shares of the semiconductor company’s stock worth $87,000 after acquiring an additional 8,772 shares during the last quarter. Finally, Adero Partners LLC bought a new stake in shares of United Microelectronics in the 1st quarter worth approximately $89,000. 5.05% of the stock is currently owned by institutional investors.

United Microelectronics Trading Up 1.0%

NYSE:UMC opened at $6.68 on Thursday. The company has a fifty day moving average of $7.13 and a 200 day moving average of $7.14. United Microelectronics Corporation has a 52 week low of $5.61 and a 52 week high of $8.86. The company has a quick ratio of 1.46, a current ratio of 1.77 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $16.79 billion, a P/E ratio of 13.64, a P/E/G ratio of 3.95 and a beta of 1.06.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). United Microelectronics had a net margin of 16.71% and a return on equity of 11.05%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $61.88 billion. During the same quarter in the prior year, the company earned $0.17 earnings per share. On average, research analysts predict that United Microelectronics Corporation will post 0.51 earnings per share for the current year.

United Microelectronics Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Tuesday, June 24th were issued a $0.3661 dividend. This is a boost from United Microelectronics’s previous annual dividend of $0.36. The ex-dividend date was Tuesday, June 24th. This represents a yield of 460.0%. United Microelectronics’s dividend payout ratio (DPR) is currently 75.51%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group restated a “sell” rating on shares of United Microelectronics in a report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.