SVB Wealth LLC Sells 16,250 Shares of United Microelectronics Co. (NYSE:UMC)

SVB Wealth LLC cut its position in United Microelectronics Co. (NYSE:UMC) by 27.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,903 shares of the semiconductor company’s stock after selling 16,250 shares during the period. SVB Wealth LLC’s holdings in United Microelectronics were worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Drive Wealth Management LLC grew its stake in United Microelectronics by 18.2% during the fourth quarter. Drive Wealth Management LLC now owns 16,770 shares of the semiconductor company’s stock valued at $142,000 after acquiring an additional 2,580 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of United Microelectronics by 22.6% in the 4th quarter. Ballentine Partners LLC now owns 93,766 shares of the semiconductor company’s stock worth $793,000 after buying an additional 17,293 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new position in shares of United Microelectronics in the 4th quarter worth $95,000. BSW Wealth Partners grew its stake in shares of United Microelectronics by 50.5% in the 4th quarter. BSW Wealth Partners now owns 25,681 shares of the semiconductor company’s stock worth $217,000 after buying an additional 8,621 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of United Microelectronics by 2.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 100,839 shares of the semiconductor company’s stock worth $853,000 after buying an additional 2,246 shares in the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.

United Microelectronics Stock Performance

NYSE UMC traded down $0.04 during mid-day trading on Tuesday, reaching $7.51. 2,161,144 shares of the stock were exchanged, compared to its average volume of 8,613,551. The business’s 50 day moving average is $8.44 and its 200-day moving average is $8.11. United Microelectronics Co. has a 1 year low of $6.71 and a 1 year high of $9.00. The company has a market capitalization of $18.82 billion, a P/E ratio of 10.79, a P/E/G ratio of 2.54 and a beta of 1.18. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.93 and a current ratio of 2.32.

United Microelectronics Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 2nd will be given a $0.356 dividend. This represents a dividend yield of 4.07%. The ex-dividend date is Tuesday, July 2nd. United Microelectronics’s dividend payout ratio (DPR) is 51.43%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on UMC shares. StockNews.com upgraded shares of United Microelectronics from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th. Citigroup upgraded shares of United Microelectronics from a “neutral” rating to a “buy” rating in a report on Wednesday, April 24th.

About United Microelectronics

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.