QRG Capital Management Inc. Purchases 46,549 Shares of United Microelectronics Corporation $UMC

QRG Capital Management Inc. grew its position in United Microelectronics Corporation (NYSE:UMC) by 115.3% during the first quarter, Holdings Channel reports. The institutional investor owned 86,927 shares of the semiconductor company’s stock after acquiring an additional 46,549 shares during the quarter. QRG Capital Management Inc.’s holdings in United Microelectronics were worth $781,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of UMC. Jones Financial Companies Lllp lifted its position in United Microelectronics by 1,794.6% during the first quarter. Jones Financial Companies Lllp now owns 62,656 shares of the semiconductor company’s stock valued at $448,000 after acquiring an additional 59,349 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in United Microelectronics by 10.5% in the first quarter. Goldman Sachs Group Inc. now owns 5,655,721 shares of the semiconductor company’s stock worth $40,438,000 after purchasing an additional 537,777 shares during the last quarter. Sivia Capital Partners LLC increased its position in shares of United Microelectronics by 25.8% during the second quarter. Sivia Capital Partners LLC now owns 29,408 shares of the semiconductor company’s stock worth $225,000 after purchasing an additional 6,028 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of United Microelectronics during the second quarter worth $108,000. Finally, Franklin Resources Inc. lifted its holdings in shares of United Microelectronics by 37.9% during the 2nd quarter. Franklin Resources Inc. now owns 24,735 shares of the semiconductor company’s stock valued at $189,000 after purchasing an additional 6,793 shares during the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

United Microelectronics Stock Performance

Shares of UMC opened at $24.93 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.23 and a current ratio of 2.72. The stock has a 50-day moving average of $20.99 and a two-hundred day moving average of $13.70. The stock has a market cap of $62.75 billion, a P/E ratio of 38.35, a P/E/G ratio of 2.91 and a beta of 1.58. United Microelectronics Corporation has a one year low of $6.56 and a one year high of $28.96.

United Microelectronics (NYSE:UMC) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. United Microelectronics had a return on equity of 13.67% and a net margin of 20.71%.The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.92 billion. As a group, research analysts predict that United Microelectronics Corporation will post 0.7 EPS for the current year.

United Microelectronics Increases Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, August 6th. Investors of record on Wednesday, July 8th will be given a $0.4122 dividend. This is an increase from United Microelectronics’s previous annual dividend of $0.37. This represents a yield of 166.0%. The ex-dividend date is Wednesday, July 8th. United Microelectronics’s payout ratio is currently 49.23%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on UMC shares. Wall Street Zen raised United Microelectronics from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. BNP Paribas Exane reiterated an “underperform” rating on shares of United Microelectronics in a research note on Thursday, May 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of United Microelectronics in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, United Microelectronics currently has an average rating of “Strong Sell” and an average 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.