United Microelectronics Corporation $UMC Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in United Microelectronics Corporation (NYSE:UMC) by 110.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 30,156 shares of the semiconductor company’s stock after acquiring an additional 15,850 shares during the quarter. HighTower Advisors LLC’s holdings in United Microelectronics were worth $216,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Millennium Management LLC lifted its holdings in shares of United Microelectronics by 3,091.8% in the 4th quarter. Millennium Management LLC now owns 14,329,393 shares of the semiconductor company’s stock worth $92,998,000 after acquiring an additional 13,880,446 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of United Microelectronics by 3.4% in the 1st quarter. Citigroup Inc. now owns 6,030,617 shares of the semiconductor company’s stock worth $43,119,000 after acquiring an additional 196,262 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of United Microelectronics by 238.8% in the 4th quarter. Northern Trust Corp now owns 3,184,444 shares of the semiconductor company’s stock worth $20,667,000 after acquiring an additional 2,244,574 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of United Microelectronics by 20.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,288,513 shares of the semiconductor company’s stock worth $8,362,000 after acquiring an additional 214,783 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of United Microelectronics by 8.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 1,257,877 shares of the semiconductor company’s stock worth $8,994,000 after acquiring an additional 94,858 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

United Microelectronics Price Performance

Shares of UMC opened at $6.68 on Thursday. United Microelectronics Corporation has a fifty-two week low of $5.61 and a fifty-two week high of $8.86. The firm’s 50 day moving average price is $7.13 and its 200 day moving average price is $7.14. The company has a market cap of $16.79 billion, a P/E ratio of 13.64, a PEG ratio of 3.95 and a beta of 1.06. The company has a quick ratio of 1.46, a current ratio of 1.77 and a debt-to-equity ratio of 0.12.

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

United Microelectronics Increases Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, July 23rd. Investors of record on Tuesday, June 24th were paid a dividend of $0.3661 per share. This represents a yield of 460.0%. The ex-dividend date of this dividend was Tuesday, June 24th. This is an increase from United Microelectronics’s previous annual dividend of $0.36. United Microelectronics’s payout ratio is currently 75.51%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group restated a “sell” rating on shares of United Microelectronics in a report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, United Microelectronics currently has an average rating of “Hold” and a consensus price target of $7.40.

United Microelectronics Company Profile

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.