Quantinno Capital Management LP Boosts Stock Holdings in United Microelectronics Corporation $UMC

Quantinno Capital Management LP lifted its position in shares of United Microelectronics Corporation (NYSE:UMC) by 17.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 710,604 shares of the semiconductor company’s stock after buying an additional 108,050 shares during the quarter. Quantinno Capital Management LP’s holdings in United Microelectronics were worth $6,381,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its position in United Microelectronics by 0.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 129,895 shares of the semiconductor company’s stock valued at $1,166,000 after acquiring an additional 1,074 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of United Microelectronics by 7.7% in the 4th quarter. Cetera Investment Advisers now owns 15,472 shares of the semiconductor company’s stock worth $122,000 after purchasing an additional 1,103 shares in the last quarter. Xponance LLC increased its holdings in shares of United Microelectronics by 7.2% in the 4th quarter. Xponance LLC now owns 20,494 shares of the semiconductor company’s stock worth $161,000 after purchasing an additional 1,384 shares in the last quarter. Bridgewater Advisors Inc. raised its stake in shares of United Microelectronics by 1.8% in the first quarter. Bridgewater Advisors Inc. now owns 79,803 shares of the semiconductor company’s stock worth $717,000 after purchasing an additional 1,449 shares during the last quarter. Finally, GeoWealth Management LLC raised its stake in shares of United Microelectronics by 10.2% in the third quarter. GeoWealth Management LLC now owns 15,710 shares of the semiconductor company’s stock worth $119,000 after purchasing an additional 1,459 shares during the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

United Microelectronics Stock Performance

Shares of UMC opened at $19.34 on Thursday. The firm has a market capitalization of $48.68 billion, a P/E ratio of 18.07, a PEG ratio of 0.48 and a beta of 1.60. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.17 and a quick ratio of 1.81. United Microelectronics Corporation has a one year low of $6.56 and a one year high of $28.96. The business has a fifty day moving average of $22.50 and a 200 day moving average of $15.37.

United Microelectronics (NYSE:UMC) last posted its earnings results on Tuesday, June 30th. The semiconductor company reported $0.53 earnings per share for the quarter. The company had revenue of $2.16 billion for the quarter. United Microelectronics had a return on equity of 21.00% and a net margin of 33.18%. As a group, sell-side analysts anticipate that United Microelectronics Corporation will post 1.23 EPS for the current year.

United Microelectronics Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, August 6th. Stockholders of record on Wednesday, July 8th will be paid a $0.4122 dividend. This is a boost from United Microelectronics’s previous annual dividend of $0.37. The ex-dividend date is Wednesday, July 8th. This represents a dividend yield of 166.0%. United Microelectronics’s dividend payout ratio (DPR) is currently 28.97%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wall Street Zen raised United Microelectronics from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. BNP Paribas Exane reissued an “underperform” rating on shares of United Microelectronics in a research report on Thursday, May 28th. Weiss Ratings upgraded shares of United Microelectronics from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Finally, Zacks Research raised shares of United Microelectronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, United Microelectronics has a consensus rating of “Reduce” and a consensus target price 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.