Schroder Investment Management Group lessened its stake in shares of United Microelectronics Corp (NYSE:UMC) by 23.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,484 shares of the semiconductor company’s stock after selling 6,195 shares during the quarter. Schroder Investment Management Group’s holdings in United Microelectronics were worth $45,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. FNY Investment Advisers LLC raised its stake in shares of United Microelectronics by 52.8% in the second quarter. FNY Investment Advisers LLC now owns 382,000 shares of the semiconductor company’s stock valued at $844,000 after acquiring an additional 132,000 shares during the last quarter. CAPROCK Group Inc. bought a new position in United Microelectronics in the 2nd quarter valued at $31,000. Ballentine Partners LLC raised its position in United Microelectronics by 91.6% in the 1st quarter. Ballentine Partners LLC now owns 28,352 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 13,557 shares during the last quarter. First Allied Advisory Services Inc. raised its position in United Microelectronics by 150.2% in the 1st quarter. First Allied Advisory Services Inc. now owns 26,126 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 15,684 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in United Microelectronics by 4.2% in the second quarter. BNP Paribas Arbitrage SA now owns 162,859 shares of the semiconductor company’s stock worth $360,000 after purchasing an additional 6,555 shares in the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.
Several analysts have recently commented on the company. CLSA upgraded United Microelectronics from a “sell” rating to an “outperform” rating in a report on Tuesday, June 25th. Macquarie upgraded shares of United Microelectronics from a “neutral” rating to an “outperform” rating in a research report on Wednesday, July 10th. Finally, ValuEngine raised shares of United Microelectronics from a “sell” rating to a “hold” rating in a research note on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $1.78.
NYSE:UMC traded up $0.01 during trading hours on Wednesday, hitting $2.17. 1,246 shares of the stock were exchanged, compared to its average volume of 488,076. The company’s 50 day moving average is $2.08 and its two-hundred day moving average is $2.04. United Microelectronics Corp has a twelve month low of $1.64 and a twelve month high of $2.59. The company has a quick ratio of 1.70, a current ratio of 1.95 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $5.21 billion, a P/E ratio of 53.75 and a beta of 0.95.
United Microelectronics (NYSE:UMC) last announced its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported $0.02 EPS for the quarter. The firm had revenue of $1.16 billion for the quarter. United Microelectronics had a return on equity of 1.41% and a net margin of 2.04%.
The company also recently declared an annual dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, July 16th were paid a dividend of $0.0936 per share. This represents a dividend yield of 5.45%. The ex-dividend date of this dividend was Monday, July 15th.
About United Microelectronics
United Microelectronics Corporation provides semiconductor wafer foundry solutions. The company operates through Wafer Fabrication and New Business segments. It provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. The company also engages in the research, development, and manufacture of products in the solar energy and light-emitting diode industries.
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