Sivia Capital Partners LLC Buys 5,934 Shares of United Microelectronics Co. (NYSE:UMC)

Sivia Capital Partners LLC grew its stake in United Microelectronics Co. (NYSE:UMC) by 19.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,354 shares of the semiconductor company’s stock after purchasing an additional 5,934 shares during the period. Sivia Capital Partners LLC’s holdings in United Microelectronics were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in United Microelectronics by 13.7% in the fourth quarter. Victory Capital Management Inc. now owns 39,123 shares of the semiconductor company’s stock valued at $331,000 after buying an additional 4,704 shares in the last quarter. Natixis Advisors L.P. increased its holdings in United Microelectronics by 10.9% in the 4th quarter. Natixis Advisors L.P. now owns 157,564 shares of the semiconductor company’s stock worth $1,332,000 after purchasing an additional 15,504 shares in the last quarter. LSV Asset Management raised its position in United Microelectronics by 322.5% in the fourth quarter. LSV Asset Management now owns 252,711 shares of the semiconductor company’s stock valued at $2,138,000 after purchasing an additional 192,900 shares during the last quarter. QRG Capital Management Inc. raised its position in United Microelectronics by 14.1% in the fourth quarter. QRG Capital Management Inc. now owns 86,763 shares of the semiconductor company’s stock valued at $734,000 after purchasing an additional 10,698 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of United Microelectronics by 3.2% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 235,278 shares of the semiconductor company’s stock valued at $1,990,000 after purchasing an additional 7,322 shares in the last quarter. 5.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on UMC shares. The Goldman Sachs Group raised United Microelectronics from a “neutral” rating to a “buy” rating in a research note on Thursday, August 1st. StockNews.com upgraded United Microelectronics from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th.

United Microelectronics Stock Performance

NYSE:UMC opened at $8.29 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.37 and a current ratio of 1.66. United Microelectronics Co. has a fifty-two week low of $6.81 and a fifty-two week high of $9.00. The company has a 50 day simple moving average of $8.32 and a two-hundred day simple moving average of $8.22. The company has a market capitalization of $20.76 billion, a PE ratio of 11.84, a P/E/G ratio of 4.54 and a beta of 1.18.

United Microelectronics (NYSE:UMC) last posted its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.71 billion. United Microelectronics had a net margin of 23.90% and a return on equity of 14.80%. During the same period in the prior year, the company posted $0.20 earnings per share. Research analysts anticipate that United Microelectronics Co. will post 0.64 earnings per share for the current year.

United Microelectronics Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, July 2nd were given a dividend of $0.356 per share. The ex-dividend date of this dividend was Tuesday, July 2nd. This represents a dividend yield of 4.07%. United Microelectronics’s payout ratio is 50.00%.

United Microelectronics Company Profile

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, 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.