United Microelectronics Corporation $UMC Shares Sold by West Family Investments Inc.

West Family Investments Inc. decreased its holdings in shares of United Microelectronics Corporation (NYSE:UMC) by 26.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 92,392 shares of the semiconductor company’s stock after selling 32,932 shares during the quarter. United Microelectronics makes up about 0.7% of West Family Investments Inc.’s holdings, making the stock its 20th biggest holding. West Family Investments Inc.’s holdings in United Microelectronics were worth $2,514,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of UMC. Sei Investments Co. raised its holdings in United Microelectronics by 508.6% in the 1st quarter. Sei Investments Co. now owns 169,183 shares of the semiconductor company’s stock valued at $1,519,000 after buying an additional 141,385 shares during the period. QRG Capital Management Inc. increased its position in shares of United Microelectronics by 115.3% during the first quarter. QRG Capital Management Inc. now owns 86,927 shares of the semiconductor company’s stock valued at $781,000 after acquiring an additional 46,549 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of United Microelectronics in the 1st quarter valued at approximately $628,000. Matthews International Capital Management LLC acquired a new position in shares of United Microelectronics in the 1st quarter worth approximately $8,779,000. Finally, Delta Global Management LP purchased a new position in shares of United Microelectronics during the 1st quarter worth approximately $1,435,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Stock Performance

UMC stock traded up $1.06 on Tuesday, hitting $21.83. The company’s stock had a trading volume of 11,524,254 shares, compared to its average volume of 13,590,321. United Microelectronics Corporation has a 1 year low of $6.72 and a 1 year high of $28.96. The company has a current ratio of 2.17, a quick ratio of 1.81 and a debt-to-equity ratio of 0.10. The stock has a market cap of $54.96 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 0.49 and a beta of 1.59. The firm has a 50 day moving average of $20.69 and a two-hundred day moving average of $16.89.

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

United Microelectronics Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UMC shares. BNP Paribas Exane reaffirmed an “underperform” rating on shares of United Microelectronics in a research note on Thursday, May 28th. Weiss Ratings upgraded United Microelectronics from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Arete Research upgraded shares of United Microelectronics from a “neutral” rating to a “buy” rating in a research note on Monday, August 10th. Zacks Research raised shares of United Microelectronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen upgraded shares of United Microelectronics from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, United Microelectronics presently has a consensus rating of “Hold” and an average price target of $8.60.

United Microelectronics Company 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.