Nykredit A S acquired a new position in shares of United Microelectronics Corporation (NYSE:UMC – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 350,050 shares of the semiconductor company’s stock, valued at approximately $9,525,000.
Several other hedge funds also recently modified their holdings of the stock. CoreCap Advisors LLC increased its position in shares of United Microelectronics by 271.0% in the second quarter. CoreCap Advisors LLC now owns 1,369 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 1,000 shares during the last quarter. Trust Co. of Vermont acquired a new position in United Microelectronics during the second quarter valued at approximately $41,000. Strategic Investment Solutions Inc. IL bought a new position in United Microelectronics in the second quarter valued at approximately $76,000. Smartleaf Asset Management LLC bought a new position in United Microelectronics in the second quarter valued at approximately $27,000. Finally, TD Private Client Wealth LLC acquired a new position in shares of United Microelectronics during the 4th quarter worth approximately $32,000. Institutional investors own 5.05% of the company’s stock.
United Microelectronics Stock Up 4.7%
Shares of UMC opened at $20.79 on Friday. The firm has a market cap of $52.34 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 0.49 and a beta of 1.59. 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 52 week low of $6.72 and a 52 week high of $28.96. The firm’s 50-day simple moving average is $20.92 and its 200 day simple moving average is $16.69.
United Microelectronics Increases Dividend
The company also recently declared an annual dividend, which was paid on Thursday, August 6th. Investors of record on Wednesday, July 8th were paid a $0.4122 dividend. This is a boost from United Microelectronics’s previous annual dividend of $0.37. The ex-dividend date was Wednesday, July 8th. This represents a yield of 166.0%. United Microelectronics’s dividend payout ratio is presently 28.97%.
Analyst Ratings Changes
UMC has been the topic of a number of analyst reports. BNP Paribas Exane reiterated an “underperform” rating on shares of United Microelectronics in a research note on Thursday, May 28th. Wall Street Zen raised shares of United Microelectronics from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Zacks Research upgraded shares of United Microelectronics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Arete Research upgraded shares of United Microelectronics from a “neutral” rating to a “buy” rating in a research note on Monday, August 10th. Finally, Weiss Ratings raised shares of United Microelectronics from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. One equities 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, United Microelectronics currently has a consensus rating of “Hold” and a consensus price target of $8.60.
Get Our Latest Report on United Microelectronics
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.
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