Public Employees Retirement System of Ohio Invests $711,000 in United Microelectronics Corporation $UMC

Public Employees Retirement System of Ohio bought a new position in shares of United Microelectronics Corporation (NYSE:UMC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 26,121 shares of the semiconductor company’s stock, valued at approximately $711,000.

Other institutional investors have also bought and sold shares of the company. CoreCap Advisors LLC raised its stake in United Microelectronics by 271.0% during the second quarter. CoreCap Advisors LLC now owns 1,369 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 1,000 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of United Microelectronics in the 2nd quarter worth about $41,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of United Microelectronics during the 2nd quarter worth about $76,000. Smartleaf Asset Management LLC acquired a new stake in shares of United Microelectronics during the 2nd quarter worth about $27,000. Finally, TD Private Client Wealth LLC bought a new position in United Microelectronics during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

Analyst Ratings Changes

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

United Microelectronics Price Performance

United Microelectronics stock opened at $22.64 on Thursday. The business’s 50-day simple moving average is $20.62 and its 200 day simple moving average is $16.98. The stock has a market cap of $56.99 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 0.51 and a beta of 1.59. United Microelectronics Corporation has a 12-month low of $6.72 and a 12-month high of $28.96. The company has a quick ratio of 1.81, a current ratio of 2.17 and a debt-to-equity ratio of 0.10.

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

United Microelectronics Increases Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, August 6th. Investors of record on Wednesday, July 8th were paid a dividend of $0.4122 per share. This represents a dividend yield of 166.0%. 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. United Microelectronics’s payout ratio is presently 28.97%.

About United Microelectronics

United Microelectronics Corporation (NYSE: UMC) is a Taiwan-based semiconductor foundry that manufactures integrated circuits for customers that design and market their own chips. The company provides wafer fabrication services rather than selling semiconductor products under its own consumer brand.

UMC supports a broad range of applications, including communications, automotive systems, industrial equipment, consumer electronics and computing. Its manufacturing portfolio includes logic and mixed-signal technologies, radio-frequency processes, embedded high-voltage solutions, display-driver chips, image sensors and other specialty semiconductor technologies.