United Microelectronics Corporation $UMC Shares Sold by Verus Capital Partners LLC

Verus Capital Partners LLC lessened its holdings in United Microelectronics Corporation (NYSE:UMC) by 49.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,700 shares of the semiconductor company’s stock after selling 28,600 shares during the quarter. Verus Capital Partners LLC’s holdings in United Microelectronics were worth $258,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC acquired a new position in United Microelectronics during the second quarter worth about $27,000. TD Private Client Wealth LLC purchased a new position in United Microelectronics in the fourth quarter valued at about $32,000. Kestra Advisory Services LLC acquired a new stake in shares of United Microelectronics during the 4th quarter valued at approximately $52,000. Arax Advisory Partners lifted its position in shares of United Microelectronics by 583.7% during the 4th quarter. Arax Advisory Partners now owns 8,656 shares of the semiconductor company’s stock valued at $68,000 after acquiring an additional 7,390 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

Analysts Set New Price Targets

UMC has been the subject of a number of research analyst reports. Wall Street Zen upgraded United Microelectronics from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Zacks Research raised shares of United Microelectronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Weiss Ratings upgraded shares of United Microelectronics from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Finally, BNP Paribas Exane reaffirmed an “underperform” rating on shares of United Microelectronics in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $8.60.

United Microelectronics Price Performance

UMC stock opened at $18.69 on Tuesday. The firm has a market cap of $47.05 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.81 and a current ratio of 2.17. United Microelectronics Corporation has a 1 year low of $6.56 and a 1 year high of $28.96. The stock has a 50-day simple moving average of $22.57 and a 200-day simple moving average of $15.21.

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

United Microelectronics Increases Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, August 6th. Investors of record on Wednesday, July 8th will be issued a dividend of $0.4122 per share. The ex-dividend date of this dividend 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 is presently 29.91%.

United Microelectronics Profile

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.