United Microelectronics Corporation $UMC Shares Acquired by Sei Investments Co.

Sei Investments Co. grew its stake in United Microelectronics Corporation (NYSE:UMC) by 508.6% in the first quarter, Holdings Channel.com reports. The firm owned 169,183 shares of the semiconductor company’s stock after acquiring an additional 141,385 shares during the quarter. Sei Investments Co.’s holdings in United Microelectronics were worth $1,519,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers lifted its position in United Microelectronics by 7.7% during the fourth quarter. Cetera Investment Advisers now owns 15,472 shares of the semiconductor company’s stock worth $122,000 after buying an additional 1,103 shares in the last quarter. Xponance LLC grew its holdings in United Microelectronics by 7.2% in the 4th quarter. Xponance LLC now owns 20,494 shares of the semiconductor company’s stock valued at $161,000 after buying an additional 1,384 shares in the last quarter. GeoWealth Management LLC grew its holdings in United Microelectronics by 10.2% in the 3rd quarter. GeoWealth Management LLC now owns 15,710 shares of the semiconductor company’s stock valued at $119,000 after buying an additional 1,459 shares in the last quarter. Hennessy Advisors Inc. increased its stake in shares of United Microelectronics by 8.8% in the 4th quarter. Hennessy Advisors Inc. now owns 18,212 shares of the semiconductor company’s stock worth $143,000 after acquiring an additional 1,471 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of United Microelectronics by 20.5% in 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 during the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

Analyst Upgrades and Downgrades

UMC has been the topic of several recent research reports. Zacks Research raised shares of United Microelectronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. BNP Paribas Exane restated an “underperform” rating on shares of United Microelectronics in a research report on Thursday, May 28th. Arete Research raised shares of United Microelectronics from a “neutral” rating to a “buy” rating in a research note on Monday. Wall Street Zen upgraded shares of United Microelectronics from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Finally, Weiss Ratings raised shares of 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 issued a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.60.

United Microelectronics Stock Performance

NYSE:UMC opened at $18.84 on Tuesday. United Microelectronics Corporation has a fifty-two week low of $6.56 and a fifty-two week high of $28.96. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.81 and a current ratio of 2.17. The company has a 50 day moving average price of $22.28 and a 200 day moving average price of $15.56. The stock has a market capitalization of $47.43 billion, a P/E ratio of 17.61, a PEG ratio of 0.44 and a beta of 1.60.

United Microelectronics (NYSE:UMC) last announced its earnings results on Tuesday, June 30th. The semiconductor company reported $0.53 earnings per share (EPS) 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. Equities research analysts forecast that United Microelectronics Corporation will post 1.23 EPS for the current year.

United Microelectronics Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, August 6th. Investors of record on Wednesday, July 8th were issued a $0.4122 dividend. The ex-dividend date was Wednesday, July 8th. This represents a dividend yield of 166.0%. This is a boost from United Microelectronics’s previous annual dividend of $0.37. United Microelectronics’s dividend payout ratio (DPR) is presently 28.97%.

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.