Verus Capital Partners LLC Has $258,000 Stock Holdings in United Microelectronics Corporation $UMC

Verus Capital Partners LLC decreased its position in United Microelectronics Corporation (NYSE:UMC) by 49.9% in the 1st quarter, HoldingsChannel reports. 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 SEC filing.

Several other hedge funds also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of United Microelectronics by 3,854.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 168,648 shares of the semiconductor company’s stock worth $1,326,000 after buying an additional 164,383 shares during the last quarter. Moran Wealth Management LLC raised its stake in shares of United Microelectronics by 13.8% in the 4th quarter. Moran Wealth Management LLC now owns 792,367 shares of the semiconductor company’s stock valued at $6,228,000 after acquiring an additional 95,871 shares in the last quarter. Ethic Inc. raised its stake in shares of United Microelectronics by 16.6% in the 4th quarter. Ethic Inc. now owns 495,589 shares of the semiconductor company’s stock valued at $3,895,000 after acquiring an additional 70,597 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in United Microelectronics by 115.3% in the 1st quarter. QRG Capital Management Inc. now owns 86,927 shares of the semiconductor company’s stock worth $781,000 after purchasing an additional 46,549 shares during the last quarter. Finally, Matthews International Capital Management LLC bought a new stake in United Microelectronics during the first quarter worth approximately $8,779,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

United Microelectronics Stock Down 1.8%

Shares of UMC stock opened at $18.69 on Tuesday. United Microelectronics Corporation has a one year low of $6.56 and a one year high of $28.96. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.17 and a quick ratio of 1.81. The stock has a fifty day moving average price of $22.57 and a 200 day moving average price of $15.21. The stock 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.

United Microelectronics (NYSE:UMC) last released 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 company had revenue of $2.16 billion for the quarter. Analysts predict 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 will be paid on Thursday, August 6th. Investors of record on Wednesday, July 8th will be issued a $0.4122 dividend. This is a positive change from United Microelectronics’s previous annual dividend of $0.37. This represents a dividend yield of 166.0%. The ex-dividend date of this dividend is Wednesday, July 8th. United Microelectronics’s dividend payout ratio (DPR) is presently 29.91%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Zacks Research raised shares of United Microelectronics from a “hold” rating to a “strong-buy” rating in a report 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. BNP Paribas Exane restated an “underperform” rating on shares of United Microelectronics in a report on Thursday, May 28th. Finally, Wall Street Zen raised United Microelectronics from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, United Microelectronics presently has an average rating of “Reduce” and a consensus price target of $8.60.

About United Microelectronics

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.