United Microelectronics Corporation $UMC Holdings Boosted by Moran Wealth Management LLC

Moran Wealth Management LLC raised its position in shares of United Microelectronics Corporation (NYSE:UMC) by 14.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 910,416 shares of the semiconductor company’s stock after acquiring an additional 118,049 shares during the period. Moran Wealth Management LLC’s holdings in United Microelectronics were worth $8,176,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Smartleaf Asset Management LLC purchased a new position in shares of United Microelectronics during the second quarter valued at $27,000. TD Private Client Wealth LLC acquired a new position in United Microelectronics during the fourth quarter valued at $32,000. Kestra Advisory Services LLC purchased a new stake in United Microelectronics in the 4th quarter worth about $52,000. Arax Advisory Partners boosted its position in United Microelectronics by 583.7% during the 4th quarter. Arax Advisory Partners now owns 8,656 shares of the semiconductor company’s stock worth $68,000 after acquiring an additional 7,390 shares during the period. Finally, Allworth Financial LP boosted its position in United Microelectronics by 20.5% during the 4th quarter. Allworth Financial LP now owns 8,817 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 1,498 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Price Performance

Shares of NYSE:UMC opened at $24.57 on Friday. 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 1 year low of $6.56 and a 1 year high of $28.96. The business has a fifty day simple moving average of $19.95 and a 200 day simple moving average of $13.19. The firm has a market cap of $61.86 billion, a price-to-earnings ratio of 37.80, a P/E/G ratio of 2.89 and a beta of 1.58.

United Microelectronics (NYSE:UMC) last issued 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 firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.92 billion. As a group, sell-side analysts predict that United Microelectronics Corporation will post 0.7 earnings per share for the current fiscal year.

United Microelectronics Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Thursday, August 6th. Investors of record on Wednesday, July 8th will be issued a $0.4122 dividend. This is an increase from United Microelectronics’s previous annual dividend of $0.37. This represents a yield of 144.0%. The ex-dividend date is Wednesday, July 8th. United Microelectronics’s dividend payout ratio is currently 56.92%.

Wall Street Analyst Weigh In

UMC has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Microelectronics in a research note on Tuesday, May 26th. BNP Paribas Exane reissued an “underperform” rating on shares of United Microelectronics in a research report on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of United Microelectronics from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. One research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, United Microelectronics has an average rating of “Strong Sell” and an average price target of $8.60.

About United Microelectronics

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.