55,230 Shares in United Microelectronics Corporation $UMC Acquired by RFG Advisory LLC

RFG Advisory LLC acquired a new stake in shares of United Microelectronics Corporation (NYSE:UMC) in the first quarter, Holdings Channel reports. The fund acquired 55,230 shares of the semiconductor company’s stock, valued at approximately $496,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC grew its stake in United Microelectronics by 873.8% during the 4th quarter. AQR Capital Management LLC now owns 9,464,312 shares of the semiconductor company’s stock worth $74,389,000 after buying an additional 8,492,466 shares during the last quarter. Two Sigma Investments LP lifted its stake in United Microelectronics by 832.5% in the third quarter. Two Sigma Investments LP now owns 3,530,564 shares of the semiconductor company’s stock valued at $26,762,000 after buying an additional 3,151,936 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of United Microelectronics by 50.7% during the second quarter. Rafferty Asset Management LLC now owns 8,403,064 shares of the semiconductor company’s stock valued at $64,283,000 after acquiring an additional 2,826,486 shares during the period. Marshall Wace LLP acquired a new position in shares of United Microelectronics during the third quarter valued at $21,235,000. Finally, Balyasny Asset Management L.P. grew its position in shares of United Microelectronics by 2,011.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,980,820 shares of the semiconductor company’s stock worth $15,569,000 after acquiring an additional 1,886,996 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on UMC shares. BNP Paribas Exane reaffirmed an “underperform” rating on shares of United Microelectronics in a report on Thursday, May 28th. Wall Street Zen raised shares of United Microelectronics from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of United Microelectronics in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Sell” and a consensus price target of $8.60.

United Microelectronics Trading Up 4.9%

Shares of UMC stock opened at $26.82 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.23 and a current ratio of 2.72. United Microelectronics Corporation has a 1 year low of $6.56 and a 1 year high of $28.96. The stock has a fifty day moving average of $18.89 and a two-hundred day moving average of $12.73. The firm has a market capitalization of $67.53 billion, a PE ratio of 41.26, a price-to-earnings-growth ratio of 3.01 and a beta of 1.61.

United Microelectronics (NYSE:UMC) last issued its quarterly 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 for the quarter, compared to analyst estimates of $1.92 billion. As a group, research analysts expect that United Microelectronics Corporation will post 0.7 EPS for the current year.

United Microelectronics Increases Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, August 6th. Investors of record on Wednesday, July 8th will be given a $0.4122 dividend. The ex-dividend date is Wednesday, July 8th. This represents a yield of 144.0%. This is a boost from United Microelectronics’s previous annual dividend of $0.37. United Microelectronics’s payout ratio is currently 47.69%.

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.