Nomura Holdings Inc. Makes New Investment in United Microelectronics Co. (NYSE:UMC)

Nomura Holdings Inc. acquired a new stake in shares of United Microelectronics Co. (NYSE:UMCFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 626,639 shares of the semiconductor company’s stock, valued at approximately $5,301,000.

A number of other institutional investors also recently modified their holdings of the company. Jennison Associates LLC bought a new stake in shares of United Microelectronics in the 4th quarter worth approximately $5,671,000. Rhumbline Advisers raised its holdings in United Microelectronics by 16.5% in the 3rd quarter. Rhumbline Advisers now owns 889,156 shares of the semiconductor company’s stock worth $6,277,000 after purchasing an additional 125,903 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in shares of United Microelectronics by 8.7% during the 4th quarter. Rafferty Asset Management LLC now owns 4,435,239 shares of the semiconductor company’s stock valued at $37,522,000 after purchasing an additional 355,186 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in United Microelectronics in the fourth quarter worth about $5,860,000. Finally, Simon Quick Advisors LLC purchased a new stake in United Microelectronics in the fourth quarter worth about $109,000. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

United Microelectronics Price Performance

Shares of United Microelectronics stock traded up $0.05 on Tuesday, hitting $8.92. 1,028,767 shares of the company traded hands, compared to its average volume of 7,778,231. The stock has a market capitalization of $22.35 billion, a P/E ratio of 12.67, a price-to-earnings-growth ratio of 2.88 and a beta of 1.20. The business has a 50-day simple moving average of $8.18 and a 200 day simple moving average of $8.06. United Microelectronics Co. has a 52 week low of $6.71 and a 52 week high of $8.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.93 and a current ratio of 2.32.

United Microelectronics (NYSE:UMCGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. United Microelectronics had a net margin of 24.79% and a return on equity of 15.60%. Research analysts expect that United Microelectronics Co. will post 0.63 earnings per share for the current fiscal year.

United Microelectronics Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 2nd will be paid a $0.356 dividend. This represents a dividend yield of 4.07%. The ex-dividend date of this dividend is Tuesday, July 2nd. United Microelectronics’s dividend payout ratio is currently 50.00%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UMC. StockNews.com raised United Microelectronics from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. Citigroup upgraded shares of United Microelectronics from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 24th.

View Our Latest Report on UMC

United Microelectronics Company Profile

(Free Report)

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally. The company provides circuit design, mask tooling, wafer fabrication, and assembly and testing services. It serves fabless design companies and integrated device manufacturers.

See Also

Want to see what other hedge funds are holding UMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Microelectronics Co. (NYSE:UMCFree Report).

Institutional Ownership by Quarter for United Microelectronics (NYSE:UMC)

Receive News & Ratings for United Microelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Microelectronics and related companies with MarketBeat.com's FREE daily email newsletter.