24,524 Shares in United Microelectronics Corporation $UMC Purchased by Keybank National Association OH

Keybank National Association OH acquired a new position in United Microelectronics Corporation (NYSE:UMC) in the 1st quarter, Holdings Channel reports. The firm acquired 24,524 shares of the semiconductor company’s stock, valued at approximately $220,000.

Several other large investors have also bought and sold shares of UMC. Smartleaf Asset Management LLC bought a new position in shares of United Microelectronics in the 2nd quarter worth approximately $27,000. TD Private Client Wealth LLC bought a new stake in shares of United Microelectronics during the fourth quarter valued at approximately $32,000. Kestra Advisory Services LLC bought a new stake in shares of United Microelectronics during the fourth quarter valued at approximately $52,000. Arax Advisory Partners grew its stake in United Microelectronics by 583.7% in the fourth quarter. Arax Advisory Partners now owns 8,656 shares of the semiconductor company’s stock worth $68,000 after purchasing an additional 7,390 shares during the period. Finally, Allworth Financial LP grew its stake in United Microelectronics by 20.5% in the fourth quarter. Allworth Financial LP now owns 8,817 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 1,498 shares during the period. 5.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded United Microelectronics from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. BNP Paribas Exane restated an “underperform” rating on shares of United Microelectronics in a report on Thursday, May 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Microelectronics in a research report on Tuesday, May 26th. One analyst has rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Sell” and an average price target of $8.60.

United Microelectronics Stock Down 1.9%

Shares of NYSE UMC traded down $0.47 on Friday, reaching $24.39. 6,711,000 shares of the company’s stock traded hands, compared to its average volume of 17,012,104. The business’s 50 day simple moving average is $21.22 and its two-hundred day simple moving average is $13.77. United Microelectronics Corporation has a 12 month low of $6.56 and a 12 month high of $28.96. The company has a market cap of $61.42 billion, a price-to-earnings ratio of 37.53, a price-to-earnings-growth ratio of 2.87 and a beta of 1.58. The company has a quick ratio of 2.23, a current ratio of 2.72 and a debt-to-equity ratio of 0.12.

United Microelectronics (NYSE:UMC) last issued its quarterly earnings results on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.92 billion. United Microelectronics had a return on equity of 13.67% and a net margin of 20.71%. As a group, equities research analysts forecast that United Microelectronics Corporation will post 0.7 EPS for the current fiscal year.

United Microelectronics Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, August 6th. Shareholders of record on Wednesday, July 8th will be paid a dividend of $0.4122 per share. The ex-dividend date is Wednesday, July 8th. This is a positive change from United Microelectronics’s previous annual dividend of $0.37. This represents a yield of 166.0%. United Microelectronics’s dividend payout ratio (DPR) is presently 49.23%.

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.